How much will my savings grow?
Enter a deposit, the rate, the term, and how often interest compounds. Add a yearly deposit if you plan to save more each year. Figures are estimates; your bank’s rate and compounding rules apply.
Your estimate
BALANCE AT THE END OF THE TERM$0
| Total deposits | $0 |
|---|---|
| Interest earned | $0 |
Year by year
| Year | Balance | Interest so far |
|---|
How this is estimated
What the calculator assumes.
Compounding. Interest is added to the balance at the chosen frequency, so each period earns interest on the previous interest.
Yearly deposits. A yearly deposit is added at the end of each year, after that year’s interest.
Not included. Taxes on interest, fees, and any rate changes. A GIC locks its rate for its term, while a savings account rate can change.