How do I calculate the penalty for withdrawing early?

Enter the amount to withdraw, your account's interest rate (AER), and the required notice period. The calculator estimates the interest you'd forfeit.

What is a notice savings account?

A notice account requires a set number of days' notice before you can withdraw money without penalty. Early withdrawals may incur interest loss.

Is this penalty interest calculator free to use?

Yes. All Optimly calculators are free to use with no registration or login required.

OPTIMLY Calculators | Penalty Interest Calculator

CALCULATOR FEEDBACK

Account balance and terms

Amount to withdraw:

Notice period, days:

Interest rate, AER: