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Compare Savings Rates (Canadian) |
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Even a small difference in the interest you are paid on your savings can
add up over time. Use this calculator to see how different savings rates can impact your savings strategy! By making deposits at the start of each month, compared to the end of the month, can also make a difference.
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Definitions
- Starting amount
- The starting balance or current amount you have invested or saved. If you haven't started saving yet, set the amount to "$0".
- Additional contributions
- The amount that you plan on adding to your savings or investment regularly.
- Years
- The total number of years you are planning to save or invest.
- Annual percentage yield (APY)
- The annual rate of return for each savings account.
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