A compound interest calculator is a financial tool that helps you estimate how much your savings or investments will grow over time with compounding returns. It’s ideal for planning long-term financial goals, tracking the value of recurring deposits, and visualising future wealth growth.
To use the calculator, simply enter your initial deposit, regular contribution, compounding frequency, and the number of years you plan to invest. The tool will show your final balance, total interest earned, and a year-by-year graph of your investment growth.
Compound interest means earning interest on both your initial deposit and on the interest previously earned. Over time, this leads to exponential growth. Using a compound interest calculator lets you harness the power of compounding to plan smarter and save more effectively.
Is this compound interest calculator suitable for Australia?
Yes, this calculator is built for Australian users and supports AUD figures. It works whether you're saving with a bank, investing, or contributing to your superannuation.
What’s the best compounding frequency?
Monthly compounding is common and effective, but daily compounding maximises returns. This tool allows you to compare both and choose what suits you best.
Can I calculate compound interest with regular deposits?
Absolutely. This tool factors in both your starting balance and any scheduled deposits you make over time.
Use our free compound interest calculator to take control of your financial future. Whether you're planning retirement, saving for a house, or just want to see your money work harder, this tool is simple, effective, and tailored to help Australians achieve their financial goals.