Savings Calculator

Your details

How much you add each period (see deposit frequency below).
The advertised annual percentage yield on the account.
%
years
How often interest is added to the balance.
Depositing at the start of the period earns a little extra interest.
Marginal tax on interest. Leave at 0 for tax-free or sheltered accounts.
%
Used to show the balance in todays money (real value).
%
Currency
Final balance
$15,702
Starting balance$2,000
Total deposited$12,000
Interest earned$1,702
Interest after tax$1,702
Balance in todays money$15,702

You could finish with about 15,702, including 1,702 in interest.

  • Interest compounds here, so each period of interest also starts earning interest.
  • A higher APY and a longer horizon both widen the interest slice noticeably.
  • Rates on savings accounts can change; this assumes the APY stays constant.

Next stepCompare accounts by changing the APY, even a one-point difference adds up over several years.

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