An interest rate accounts only for simple interest on the principal, while an APY also factors in compound interest. The APY tells you the actual percentage you'll earn, assuming you didn't touch the ...

Our compound interest calculator is simple to use. All you need to do is fill in the following fields: Initial deposit: The amount of money you currently have saved and will use to fund your account.

Learn about compound interest. We will look at how to determine the final value, initial value, interest rate and years needed. We will investigate problems compounded continuously, daily, weekly, ...