Compound interest calculator

Compound interest accelerates the growth of your funds.
Frequently Asked Questions
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What is Compound Interest, and how does it work?
Compound interest is the act of gradually raising a sum of money over time by compounding interest on a new, calculated amount each time. Consider compounding interest as a snowball rolling down a hill: as it becomes bigger and bigger, the overall mass (amount of money) gets bigger and bigger.
How does Compound Interest work?
Compound interest is simplest to understand if you think of it as an amount of money plus interest computed on a prior amount of money plus interest. It is a financial growth cycle in which growing amounts with the same interest rate applied provide higher additional returns each time.
Is Compound Interest Beneficial for Savings?
Compound interest is one of the finest ways to save money if you are willing to invest a large sum of money over a long period of time and, more importantly if you are able to deposit additional funds into your savings account on a regular basis.
Is the compound interest calculator's output displayed in today's dollars?
The calculator's results are displayed in future dollars. Inflation has not been taken into account.
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