The formula for calculating savings account interest uses the initial deposit, the annual interest rate and the years of growth. Compound interest earns the account holder more than simple ...

Text Callout : Key Takeaways - How to Calculate Savings Account Interest If you have a savings account, you might want to know how much you'll earn in interest for parking your cash there.

Good high-yield savings accounts typically have a higher annual interest rate than average accounts. If you have multiple financial goals in mind, use this calculator to focus on each one ...

Savings calculator Understanding simple interest Simple interest is interest earned only on the initial amount invested, also known as the principal balance. Accounts with this structure earn you ...

The calculator works out the amount of savings interest you’ll earn over the course of a year, based on the assumption that your savings amount and level of interest stays the same for this ...