The Thrifty Pinay

Savings Calculator

Enter your own numbers, choose how the interest compounds, and see what you'll actually take home.

How much are you saving?

₱

Annual interest rate

% p.a.

How should it compound?

Daily most digital banks

Annually time deposits, MP2

How long will you keep it saved?

months

3 mo

6 mo

1 yr

2 yrs

3 yrs

5 yrs

Taxes

Apply tax on interest earned (standard for regular banks, digital banks, and e-wallets)

Tax rate: %

Uncheck this for tax-exempt accounts like Pag-IBIG MP2 or the SSS Pension Booster. The Philippines' standard final withholding tax on bank interest is 20%.

Your Savings Breakdown

Principal -

Gross Interest -

− Tax -

Net Interest -

Total Amount -