Compound Interest Calculator Canada 2025

No fee everyday banking

Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.

See how it works

Monthly or annual compounding • Includes regular contributions • Year-by-year breakdown

Compound interest is the most powerful force in personal finance. See how your initial investment and regular contributions can grow dramatically over time through compounding returns.

Compound Interest Calculator

Initial Investment ($)

Monthly Contribution ($)

Annual Return Rate (%)

Investment Period (years)

Compounding Frequency

The Power of Compound Interest

Compounding means earning returns on your returns. A $100 investment growing at 7% annually doubles roughly every 10 years. With monthly contributions, growth accelerates significantly.

Realistic Canadian Return Rates

High-interest savings account (HISA): 3.5%–5%
GIC (5-year): 3%–4.5%
Canadian bond index: 3%–5%
Canadian equity index (S&P/TSX): 6%–8% historical average
Balanced portfolio (60/40): 5%–7%

Free Banking to Help You Reach Your Financial Goals

Once you know your numbers, start acting on them. KOHO offers free banking with no monthly fees. Use code BREMO2026 for a bonus when you open your account.

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