How to Calculate Bank Interest on Savings?

Answer Consumers may wish to determine the interest earned on their personal savings accounts. Although an approximation can be determined by multiplying the principal by the interest rate, a more accurat... Read More »

Top Q&A For: How to Calculate Bank Interest on Savings

How do I calculate compound interest savings?

Calculate Periodic RateDivide your annual savings account interest rate, also called the annual percentage rate (APR), by the number of times per year the bank compounds interest. For example, if a... Read More »

How to Calculate Interest Rates and Savings?

Putting money aside for the future is important, and over time those funds can accumulate a substantial nest egg. It is important, however, to keep track of the interest rate you are earning on the... Read More »

How to Calculate Savings Bond Interest?

Savings bonds are issued by companies or governments to raise money for certain projects. As bond a purchaser, you are compensated for your investment in the form of interest, which can be paid acc... Read More »

How Do Banks Calculate Savings Interest?

When you put money in a savings account, you are effectively loaning the money to the bank to use to issue loans to other people. As a result, the bank pays a small amount of interest to the accoun... Read More »