See how much your savings could grow with regular deposits and compound interest. Enter your starting balance, how much you plan to add each month, the APY on your account and how many years you will save.
Savings Calculator
See how your savings can grow with monthly deposits and compound interest.
Example numbers only — enter your own rates and amounts. Results are estimates for education, not an offer or financial advice.
What is APY?
APY (annual percentage yield) shows how much interest you earn in a year, including the effect of compounding. Two accounts with the same interest rate can have different APYs if they compound at different frequencies, so APY is the fairer number to compare.
Where to keep your savings
High-yield savings accounts at online banks and credit unions often pay much more than a traditional bank savings account. Deposits at FDIC-insured banks and NCUA-insured credit unions are protected up to the legal limit. Rates are variable and can change at any time.
Related guides: High-Yield Savings Accounts, No-Penalty CDs, 50/30/20 Budget Rule.