Wondering how much interest you are getting for your savings account per month?
If you are still depositing your cash into the old-school savings account like POSB, your $10,000 could earn you only 40 cents per month.
But if you deposit the same $10,000 into high interest savings account like CIMB FastSaver, you be getting 8 dollars per month instead.
That’s about 20 times difference!
You can use this simple Savings Account Interest Calculator to calculate the potential amount of interest earned.
Check out this article for Savings Account Interest Rate.
(Note: Please give a moment for the calculator to load)
How To Use?
- Account Balance: Enter your account balance.
- Interest Rate: Enter the current interest rate.
- Calculate: Click this button for calculation.
Using this savings account as an example,
You key in the values accordingly.
For a $10,000 account balance, at an interest rate of 1.00% p.a, the interest you can get per month is $8.33.
You can always click the “Calculate again” button to recalculate again.
Hope this calculator is useful for you!