Savings Growth Calculator

Calculate the growth of your savings with various compounding options

Calculator Inputs

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Investment Projection

After 10 years with 7.5% interest:

0

Total Contributions

0

Interest Earned

0

Effective Annual Yield

0%

Number of Deposits

0 deposits

Understanding Compounding Frequency

The compounding frequency determines how often the interest is calculated and added to your principal amount:

  • Monthly: Interest is calculated and added to your principal 12 times per year.
  • Quarterly: Interest is calculated and added to your principal 4 times per year.
  • Half-Yearly: Interest is calculated and added to your principal 2 times per year.
  • Yearly: Interest is calculated and added to your principal once per year.

More frequent compounding generally results in higher returns as you earn interest on previously earned interest more often.

Year-by-Year Breakdown

Year Starting Balance Contributions Interest Earned Ending Balance