Savings Interest Calculator
NewCalculate your savings account balance with compound interest and regular deposits. Enter starting balance, monthly contribution, APY (Annual Percentage Yield), and time period to see projected balance, total interest earned, and APY vs APR comparison. This calculator uses the actual compound interest formula, accounting for how often interest is applied to give you accurate projections for your high-yield savings account, CD, or money market account.
Savings Interest Calculator
Calculate savings account balance with compound interest and regular deposits.
Final Balance
$25,947.07
Total Deposited
$22,000.00
Interest Earned
$3,947.07
APY
4.59%
Effective annual yield
How to Use Savings Interest Calculator
- 1Enter starting balance
- 2Set monthly contribution
- 3Enter APY and compounding frequency
- 4Set time period
- 5View balance and interest earned
Your Privacy is Protected
Savings Interest Calculator runs entirely in your browser. Your files and data are never uploaded to any server, never stored, and never shared. Everything happens locally on your device using secure browser APIs.
Frequently Asked Questions
What is APY vs APR?
APY (Annual Percentage Yield) includes compound interest effects. APR (Annual Percentage Rate) is the simple rate. For savings, APY is the more relevant metric.
What is the best APY for savings?
High-yield savings accounts currently offer 4-5% APY. Compare rates at NerdWallet or Bankrate to find the best current offers.
Why Use This Tool?
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