HK$320 a month for five years at 4%
HK$320 a month for five years at 4% a year, compounded monthly with deposits at month-end, grows to about HK$21,215.67. That is an illustration, not a promised return.
HK$320 a month for five years at 4% a year, compounded monthly with deposits at month-end, grows to about HK$21,215.67. That is an illustration, not a promised return.
You would have paid in HK$19,200; the rest is interest under that fixed-rate model. Fees, tax and returns that move are left out. Change the monthly amount or the rate to see how the balance shifts. HK$320 is roughly HK$80 a week — a small habit, not a forecast.
Try it: Compound interest calculator. More: How compound interest works.
General information only — not financial advice. See the disclaimer.