Savings Interest Calculator

This simple interest calculator has three parameters to enter:

Interest type – select Simple or Compound interest
Deposit – you initial $ amount you wish to deposit into your savings account.
Years of savings – number of years for how long you’ll keep money in this account.
Interest rate – what is interest rate % you expect to get

Top 3 highest savings interest accounts

You can get 2.5% interest rate with Bridgewater Bank’ Smart eSavings account.

Okean Financial offers 2.3% interest rate

With B2B Bank high interest savings account you can earn 1.6%

The best GIC accounts

Canadian Tire Bank offers the best interest
3.35% rate for 5 years GICs

Laurentian Bank of Canada also offers one of the best interest
3.3% rate for 5 years GICs

Home Equity Bank offer 3.1% interest rate for 5 years GIC

Best saving rates

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Best GIC rates

This is list of GIC (Guaranteed Investment Certificate) rates available at Canadian Banks. It should help you to choose the best rate for long term and safe deposit. You can use savings calculator to… Continue reading

What is compound interest

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