Interest on your bitcoin savings is compounded monthly, and is calculated using the **Compound Monthly Rate. **This is a function of the **Annual Effective Rate (AER)**, and is derived by the following formula:

**the Compounding Monthly Rate is: **

**0.106046%**

where:** r = Compound Interest Rate: **monthly compounding interest rate

**as set by Magnr Savings**

*AER*= Annual Effective Rate:To calculate the **Final Total Amount** after the last **compounding period**, this can be found by using the formula as below:

where:* A* =

**Final Total Amount:**Initial Investment plus all Interest

*=*

**P****Initial Investment:**your first Deposit amount

**monthly compounding interest rate**

*r*= Compound Interest Rate:*=*

**n****Number of Compound Periods:**number of times interest is paid out

Click here for some examples of how these are applied to your investment over a 12-month period.

**Further Notes: **- AER = Annual Effective Rate. This also referred to as APY (Annual Percentage Yield) in the U.S.

- Actual Rate: 0.106045959 %

- Rates are to be entered as decimal figure on calculations (not percentage)

- quoted rate correct as of November 2016