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!
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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.
Information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from our Financial Consultants regarding all personal finance issues.
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