Deposit reinvest calculator
Compounding (reinvest) means earning interest on interest. The more frequently a bank compounds, the higher the effective annual yield (APY) at the same nominal rate (APR). At 15% APR, monthly compounding gives 16.08% APY; annual gives 15.00%. On large sums over long terms, the d…
Deposit reinvest calculator
Compound-interest formula. Compounding frequency affects effective APY (monthly compounding yields higher APY than annual at the same nominal rate). Ukrainian DGF guarantee up to UAH 600,000.
Compounding (reinvest) means earning interest on interest. The more frequently a bank compounds, the higher the effective annual yield (APY) at the same nominal rate (APR). At 15% APR, monthly compounding gives 16.08% APY; annual gives 15.00%. On large sums over long terms, the difference can reach tens of thousands of hryvnia. Ukrainian interest tax — 19.5% (18% PIT + 1.5% military duty), withheld automatically by the bank.