What is the difference between simple and compound?

Simple interest is on the initial amount only; compound adds interest on interest.

Can I add regular deposits?

Yes. Use the compound calculator with a periodic contribution for regular deposits.

Simple and compound savings calculators. See how your savings grow over time.

Simple interestCompound interest

Initial amount ($)

Annual rate (%)

Years

Annual contribution ($)

What is the difference between simple and compound?: Simple interest is on the initial amount only; compound adds interest on interest.
Can I add regular deposits?: Yes. Use the compound calculator with a periodic contribution for regular deposits.

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