Interest Calculator
Work out the interest earned or owed on an amount, rate and term.
Interest Calculator
Whether you are saving or borrowing, interest changes what you end up with. Enter the amount, the rate and the term to see the interest earned or owed.
How to use Interest Calculator
- Enter the Principal Amount, the Interest Rate (%) and its period.
- Set the number of Years and the Compounding Frequency.
- Click calculate and read the interest and total.
When it comes in handy
- Comparing savings accounts and loan offers.
- Working out the interest on a fixed deposit.
- Checking a figure from a lender.
Frequently asked questions
What is the difference between simple and compound interest?
Simple interest is calculated on the original amount only. Compound interest is calculated on the amount plus interest already earned, so it grows faster.
What is APR?
The annual percentage rate is the yearly cost of borrowing including fees. Compare loans by APR rather than the headline rate alone.
