Savings Interest Rate Calculator
Enter the starting balance, the ending balance and the number of years to find your savings interest rate.
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- No sign-up
Enter the starting and ending balances and years to see the rate.
Worked example
With these example inputs:
- Starting balance$10,000
- Ending balance$12,000
- Number of years3 yr
Savings interest rate: 6.27%
- Total growth20.0%
Frequently asked questions
How is the savings interest rate calculated?
Divide the ending balance by the starting balance, raise to one over the years and subtract one. Growing $10,000 to $12,000 over 3 years implies about 6.27% a year.
Is this the rate my bank quotes?
It is the effective compound rate your balance actually earned, which already includes any compounding. A quoted nominal rate can differ slightly depending on how often interest is added.