Interest just got interesting
See how much you could earn with our top-tier 2.65% AER / 2.62% Gross (variable) interest rate up to £500,000.
Read our FAQs below for more details on interest rates.
Calculate your earnings
Interest calculator
Calculate what you could earn based on 2.65% AER / 2.62% Gross (variable).
Balance
Interest earned on balances up to £500,000.
You'll earn
Monthly payment
£43.04
First year
£530.00
This calculator is for illustrative purposes only. It assumes the interest rate and deposit amount remains the same.
How is interest calculated on a daily balance of ?
We calculate your interest daily, based on your end-of-day balance. We'll pay the interest to you on the first day of the following month.
This is the calculation we use:
(End-of-day balance x Gross interest rate) ÷ 365 days in the year = Interest earned that day.
The total amount of daily interest earned throughout the month is the interest earned for that month.
Daily calculation
Interest earned
1st day
(£20,000.00 ×0.0262) ÷ 365
£1.43
2nd day
(£20,000.00 ×0.0262) ÷ 365
£1.43
3rd day
(£20,000.00 ×0.0262) ÷ 365
£1.43
Earned that month
£43.04
Total amount of daily interest throughout a 30-day month
This breakdown is for illustrative purposes only. It assumes the interest rate and deposit amount remains the same. Unlike a savings account, we know your balance with a Kroo current account may go up and down, which will impact your monthly interest earnings. That's why Kroo calculates interest daily and we've given you the daily calculation above.
Daily and monthly interest is rounded up or down to two decimal places. You should keep this in mind when doing your own calculations.
Questions? Answers.
When you put money into an account, the bank will use your money; for example, by lending it to other people. They will pay you a certain amount for allowing this. The money they pay you is known as interest.
The rate of interest is calculated on an annual basis.
