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Discover the magic of compounding interest, or, the extra interest you earn on top of the interest you have already earned. Because compounding interest accumulates, the ‘snowball’ effect causes your wealth to grow at a faster rate. Use our calculator below to watch how these accumulated earnings can help you reach your savings goals faster.

Calculators are provided to help you determine how a loan, line of credit or deposit account may affect your budget. The results offered are estimates and do not guarantee available loan terms, cost savings or tax benefits. Neither Nationwide nor Axos Bank guarantee your results as determined using this calculator.