Our compound interest calculator is simple to use. All you need to do is fill in the following fields: Initial deposit: The amount of money you currently have saved and will use to fund your account.

CNBC Select defines compound interest, how it works and ways to take advantage of it if you're looking for a new credit card or somewhere to stash your cash.

If you deposit 1 million yen at 3% per year for 30 years, you will have 1.9 million yen with simple interest and 2,427,262 ...

Compound interest refers to the returns that you earn on interest. The impact of it grows significantly over long time ...