Savings account
Future value of savings →
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| Period end | Days | Interest | Balance |
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How we calculate
Interest accrues on the balance for each calendar day and is added to the account at month-end. The first period runs from the selected date to month-end. The rate stays constant; withdrawals and top-ups are not modelled.
The result is before tax. The rate and balance stay constant in the model; choose the 360/365 basis from the bank terms. Interest rounds when credited monthly.
Sources and methodology →