Savings interest calculator
Calculates maturity amount and interest for monthly savings.
Enter monthly payment, term in months, and annual rate; choose simple or compound interest to get total interest and maturity amount.
- Interest is typically applied monthly using (annual rate ÷ 12).E.g. 100,000 per month, 12 months, 4% compound → maturity and total interest are shown.
- Installment savings
- You pay a fixed amount each month (or at another interval) and receive principal plus interest at maturity. Common for goal-based saving.
- Simple vs compound interest
- Simple interest is on the principal only. Compound interest is on principal plus accumulated interest, so for the same rate and term it yields more interest.
