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My best online compound interest calculator
February 22, 2018
8:55 pm
Save2Retire@55
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Hello,

I have been using this calculator https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Does anyone have anything better or with more options (I really don't need more options but just thought to ask).

Thanks

February 22, 2018
9:05 pm
Loonie
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I don't have any better ideas, but this reminds me that I would like to find a calculator or formula which enables me to know how much money I can deposit in a GIC in order to get full coverage of compounded interest under CDIC and the provincial credit union insurance schemes. It would be essentially the reverse of a compound interest calculator - more like a mortgage payment calculator but not the same.

February 23, 2018
7:09 am
tcharger67
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Loonie, I use an app "loan and interest calculator by rk apps". Blue and yellow.
It can do complex interest calculations days, weeks, biweekly, month, bimonthly, annually, quarterly. It can also compound interest in those parameters as well.

If you are interested

I do like this calculator, but it has inaccuracies when involving gics ie 192days, 33 months, etc.

I'm a water treatment guy, and a chemist by education, so I am OCD with numbers

February 23, 2018
7:41 am
Loonie
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thanks, tc. Probably won't work for me as I'm pretty unsophisticated in such things.

February 23, 2018
11:45 am
gamgam
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Thankyou Save2Retire@55! The calculator is great! Great for planning!

February 24, 2018
6:55 am
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So far, this is my favorite calculator for GICs:

https://www.getsmarteraboutmoney.ca/calculators/compound-interest-calculator/

Once you plug in your numbers, you can see both a graph and table (just click the tab to switch between them) of your potential investment.

February 24, 2018
1:54 pm
Save2Retire@55
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@ 6 - Thanks. It seems to be the exact of what I am using. That one has a graph option too. It is cool.

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