See how your savings grow over time with regular deposits and compound interest.
Small deposits become big balances thanks to compound interest. Enter your starting amount, monthly contribution, expected annual return and time horizon to see your projected balance — split into what you put in versus what growth earned you.
Example: AED 10,000 initial plus AED 1,000/month at 4% p.a. for 10 years grows to about AED 162,158 — you deposited AED 130,000 and earned AED 32,158 in interest.
You earn interest on your interest. Each month's growth is added to the balance, so the next month earns slightly more — the snowball effect.
UAE savings accounts currently pay roughly 1–4%. Be conservative: use a rate you can realistically sustain.
This calculator assumes end-of-month deposits (ordinary annuity), the standard convention.
No — and the good news for UAE residents is there is no income tax on interest earned.
