Compound Interest (Canadian)

How interest is calculated can greatly affect your savings. The more often interest is compounded, or added to your account, the more you earn. This calculator demonstrates how compounding can affect your savings, and how interest on your interest really adds up!

Daily compounding process the highest return of DAILY_RETURN, with and APY of DAILY_APR.

**GRAPH**
Input Summary
Investment amount:AMOUNT
Interest rate:YEARLY_APR
Total years invested:YEARS

 Annual Percentage Yield (APY)Total Return
Yearly compounding:YEARLY_APRYEARLY_RETURN
Quarterly compounding:QUARTERLY_APRQUARTERLY_RETURN
Monthly compounding:MONTHLY_APRMONTHLY_RETURN
Daily compounding:DAILY_APRDAILY_RETURN

Investment Return by Year

**REPEATING GROUP**

Compound Interest (Canadian) Definitions

Investment amount
The amount of your initial investment.
Interest rate
The annual interest rate for your investment. The actual rate of return is largely dependent on the type of investments you select. For example, for the last thirty years the average annual rate of return for the TSX is about 10%. Savings accounts at a bank or credit union may pay as little as 2% or less. It is important to remember that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment.
Years
Number of years for this investment.
Compound interest
Interest on an investment's interest, plus previous interest. The more frequently this occurs, the sooner your accumulated interest will generate additional interest. You should check with your financial institution to find out how often interest is being compounded on your particular investment.
Yearly APY
Annual percentage yield received if your investment is compounded yearly.
Quarterly APY
Annual percentage yield received if your investment is compounded quarterly.
Monthly APY
Annual percentage yield received if your investment is compounded monthly.
Daily APY
Annual percentage yield received if your investment is compounded daily.


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