Savings Account Interest Calculator
Calculate interest earned on your savings account with different compounding frequencies. Plan your savings growth with accurate calculations.
Savings Account Interest Calculator
About This Calculator
Savings account interest is calculated on the daily balance and credited monthly or quarterly depending on the bank's policy. Our calculator helps you understand how your savings grow over time.
The calculator considers different compounding frequencies to show how often interest is calculated and added to your principal, affecting the overall growth of your savings.
Savings Account Features:
- Interest Rates: Currently 2.7% to 3.5% per annum
- Compounding: Daily, monthly, or quarterly
- Liquidity: Instant access to funds
- Safety: Deposit insurance up to ₹5 lakh
- No Lock-in: Withdraw anytime without penalty
Types of Savings Accounts:
- Regular Savings: Basic savings account with standard rates
- High-Yield Savings: Higher interest rates with conditions
- Salary Account: Zero balance account for salaried individuals
- Senior Citizen: Higher interest rates for senior citizens
Features:
- Calculate interest with different compounding frequencies
- Visual growth chart over time
- Monthly breakdown of balance growth
- Compare different time periods
- Shareable calculation links