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Compound Interest and Your Return
How interest is calculated can greatly affect your savings. The more often interest is compounded, or added to your account, the more you earn. This calculator demonstrates how compounding can affect your savings, and how interest on your interest really adds up!
Definitions
- Investment Amount
- The amount of your initial investment.
- Interest Rate
- The annual interest rate for your investment.
- Years
- Number of years for this investment.
- Yearly APY
- Annual percentage yield received if your investment is compounded yearly.
- Quarterly APY
- Annual percentage yield received if your investment is compounded quarterly.
- Monthly APY
- Annual percentage yield received if your investment is compounded monthly.
- Daily APY
- Annual percentage yield received if your investment is compounded daily.
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