How to Calculate Interest on Savings Accounts

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How to Calculate Interest on Savings Accounts – This is a place for the community to provide tips and advice on How to Calculate Interest on Savings Accounts. This topic was created by Dwight Gould and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - How Is the Interest Calculated for a Personal Savings Account?

Published: 9 years, 2 month(s) ago | Submitted by Hu 00e 5kan Palo | permalink

You can open various types of personal savings accounts with banks, brokers and investment firms. Savings accounts offer low returns compared with most other investments, but are low risk and a good ...

For further reading: http://smallbusiness.chron.com/interest-calculated-personal-savings-account-4075.html ^[1]

Tip 2 - Savings Accounts Calculator | Compare and save at RateCity.com.au

Published: 9 years, 2 month(s) ago | Submitted by Francisco De La Chesnaye | permalink

RateCity.com.au Savings Accounts Calculator. A basic calculator which works out how your interest earnings. Tools such as this will help you plan so you can reach your savings goals faster. Save money with RateCity!

For further reading: http://www.ratecity.com.au/savings-accounts/calculator ^[2]

Tip 3 - How to Calculate the Interest Rate for a Savings Account

Published: 9 years, 2 month(s) ago | Submitted by David Kulchar | permalink

The money you place in a savings account will produce an income known as interest. This gain is a percentage of your current balance and is listed, by the bank, as an annual return. The money gained ...

For further reading: http://budgeting.thenest.com/calculate-interest-rate-savings-account-3700.html ^[3]