Compound Interest and Your ReturnHow 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.
- Annual 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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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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