What rate should I use?

Use your savings account’s current APY — high-yield savings accounts and CDs typically offer higher rates than standard checking or savings accounts.

Savings Calculator

Banking & Interest

Project your savings account balance from an initial deposit and recurring monthly deposits.

Display currency

Changing the display currency only changes the symbol shown — amounts aren't converted, since this tool doesn't use live exchange rates.

Initial deposit

Monthly deposit

Expected annual return (%)

Duration (years)

Maturity value

Total invested: $0

Total growth: $0

Compounds an initial deposit plus a recurring monthly deposit at the given annual rate, monthly, for the chosen duration.

What rate should I use?: Use your savings account’s current APY — high-yield savings accounts and CDs typically offer higher rates than standard checking or savings accounts.

Calculate the monthly contribution needed to reach a savings target by a given date.

Calculate the maturity value of a Certificate of Deposit (CD).

Convert a nominal interest rate into its Annual Percentage Yield (APY) based on compounding frequency.