Free Tool

Savings Rate Comparator

Enter the profit rates from any banks or savings schemes you’re considering and see exactly which one leaves you with more money at the end.

Compare Up to 3 Options

Use the rates quoted to you right now — don’t guess, since rates change often

Why Compounding Frequency Actually Matters

A higher rate isn’t automatically the better deal

Monthly Beats Annual at the Same Rate

A 12% rate compounded monthly earns you more than a 12% rate compounded annually, because profit starts earning its own profit sooner. Always check how often an account actually pays out.

Advertised Rates Can Be “Up To”

Some accounts advertise their highest tier rate, which only applies above a large minimum balance. Confirm the rate that applies to your actual deposit amount before comparing.

Compare After Zakat and Tax, Not Before

Withholding tax on profit and, separately, zakat on savings both reduce what you actually keep. This tool shows gross profit — subtract those separately for the real comparison.

Frequently Asked Questions

Check the bank’s official schedule of charges or savings account page directly, or ask a branch officer for the current rate on your exact account type and balance tier. Rates change periodically with State Bank policy, so always confirm before depositing.
Functionally, for comparison purposes, the annualised profit rate behaves the same way mathematically. The underlying contract (profit-and-loss sharing vs guaranteed interest) is structured differently, which is a separate question from the numeric comparison this tool does.
No, the results shown are gross profit before withholding tax. Filers and non-filers are taxed at different rates on savings profit — check current rates with your bank or FBR to estimate your after-tax figure.

This tool provides an estimate for informational purposes only and is not registered financial advice. Rates entered are your responsibility to verify with the institution. Read the full disclaimer.