India, Dec. 5 -- A savings account is often the first step towards building healthy financial habits. Yet many people simply park money in it without checking how much interest they can actually earn. A savings account interest calculator helps you see the real growth of your money, so you can plan better and make smarter decisions.

Using this simple tool the right way can show you how small changes in deposits, tenure or interest rates can significantly improve your savings over time.

Before using a savings account interest calculator, it helps to understand how interest works.

Banks usually calculate interest on your daily or monthly balance and then credit it at regular intervals. The higher your balance and the longer you keep the ...