Savings Calculator

Calculate your savings

This is simple savings calculator with 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

SimpleCompound*

* - interest is compounded yearly.

This savings calculator also can be used as GIC calculator to check expected interest grow in your GIC account.

Top 3 highest savings interest rates in Canada

1.85% savings account interest in Canada

You can get 1.85% interest rate with Bridgewater Bank' Smart eSavings account.

1.5% savings account interest in Canada

With Canadian Tire Bank high interest savings account you can earn 1.5%

1.35% savings account interest in Canada

Canadian Western Bank offers 1.35% interest rate

Best GIC rates in Canada

2.55% rate GIC Canada

General Bank of Canada offers one of the best interest rate for 5 years GICs

2.55% rate GIC Canada

Tangerine also offers one of the best interest rate for 5 years GICs

2.55% rate GIC Canada

B2B Bank and HomEquity Bank offer 2.55% interest rate for 5 years GIC

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