Compound interest calculator: how savings grow
With compound interest you earn interest on your original deposit and on the interest that has already been added. Over many years this snowball effect can matter more than the amount you save each month. A compound interest calculator shows the final balance, your total contributions and the interest earned.
The effect of time and regular saving
Starting early is powerful. Saving €200 a month at a 4% annual return grows to about €73,400 after 20 years, of which €48,000 is your own money and the rest is interest.
Tips for growing your savings
Automate a monthly transfer, compare interest rates between banks and savings accounts, and build an emergency fund before investing. Rates change and investment returns are not guaranteed, so use the result as a planning tool.