Savings Interest Calculator 2026
Calculate High-Yield Interest Returns: USA, UK, Canada & Europe
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Global Growth Projections (2026)
$10,000 at 4.5% interest will grow to $12,462.21 in 5 years.
£10,000 at 5.0% interest will grow to £12,762.82 in 5 years.
C$10,000 at 4.2% interest will grow to C$12,283.97 in 5 years.
€10,000 at 3.8% interest will grow to €12,050.00 in 5 years.
Frequently Asked Questions
1. Is this calculator for daily or monthly compounding?
This tool uses Annual Compounding ($$A = P(1 + r)^t$$), which is the standard benchmark used by major banks in the USA, UK, and Canada for long-term projections.
2. How can I use this for Canada’s TFSA?
Simply enter your TFSA’s expected annual growth rate. Since TFSA is tax-free, the “Total Profit” shown by our tool is exactly what you keep.
3. What are the current rates in Europe?
In 2026, many European banks (especially in Germany and France) offer term deposits between 3.5% and 4.0%. Our tool helps you compare these against inflation.
4. Why is my result different from the bank’s?
Banks often use monthly or daily compounding. Our tool provides a solid professional estimate, but bank results might be slightly higher due to more frequent compounding cycles.
5. Is the interest profit taxable?
In most regions, interest is taxable unless held in specific accounts like an ISA (UK) or a Roth IRA (USA). Always check your local tax laws.
Boost Your Savings
Don’t leave money on the table. Read our latest guide on finding high-yield accounts.
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