The more often interest is compounded or added to your account, the more you earn. Ion Bank customers can use this calculator to determine how compound interest could increase savings. Try it out now and see how interest on interest can become more money in your pocket!
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances or for any particular financial institution’s calculations of interest. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.