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SIMPLE SAVINGS CALCULATOR

Use this free savings calculator to estimate your investment growth over time.
Work out the interest on your IRA, calculate certificates of deposit growth or
estimate how long it will take to save for a down payment on a house. With this
growth calculator, you can set a goal and figure out how much you need to save
each month to hit the mark.



Search and Compare Today’s top high-yield savings accounts.

Initial deposit:


Monthly contribution:


Over a period of:

Months
Years
APY:



010000200003000040000Initial DepositTotal Contri...Interest Earned

TOTAL SAVINGS BREAKDOWN:


Interest earned $ 5,803.89

Total contributions + $24,000

Initial deposit + $10,000

Your total savings
$ 39,803. 89

The average APY in the U.S. is 0.06%. Some banks pay as low as 0.01% or as high
as 0.5% or more. Enter an APY to see how much you can save, or choose an APY
from one of our partners.




MORE HIGH-YIELD SAVINGS OPTIONS:




SIMPLE SAVINGS CALCULATOR HELP

Using our Simple Savings Calculator can help you quickly and accurately estimate
the growth of your investment. To use this calculator, you'll need the following
information:

Initial amount: This is the starting amount of your investment, or how much you
can initially contribute to the account. Whether you have $100 or $10,000 to
contribute, your initial amount is crucial to your investment's growth.

Monthly deposit: The monthly deposit is the amount you can contribute to the
growth of your investment each month. Decide on this amount according to your
monthly budget. Tinker with the amount to see how higher monthly deposits can
boost your investment growth over time.

Annual interest: Estimate the rate you'll earn on your investment by checking
our rate tables. You can find the best rates on CDs, checking, savings and money
market accounts. If you already know what you'll be earning, enter the interest
rate. Make sure to specify whether interest will be compounded monthly,
quarterly, semiannually or annually.

Number of years: This is the number of years your investment has to grow. For
example, if you're 30 years old, and you plan to retire at age 65, your IRA has
35 years to grow. If you're purchasing a 5-year CD, your investment has 5 years
to grow. Longer time frames equate to larger investment growth.


HIGH YIELD CHECKING AND SAVINGS ACCOUNT RATES

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