Financial Tools
Compound Savings Calculator
See how compounding increases your savings. A starting balance plus a monthly deposit, grown at your rate for as long as you choose.
Starting Balance
Monthly Deposit
Annual Interest Rate (%)
Compounding
Years
Values shown are examples. Edit them to match your situation.
Savings Growth
| Ending Balance | $0 |
| Total Deposits | $0 |
| Interest Earned | $0 |
| Effective Annual Yield (APY) | 0% |
Year by Year
| Year | Deposits | Interest | Balance |
|---|
For illustration only, not financial advice. Results are estimates based on the numbers you enter and do not constitute an offer, rate quote or approval.
Swap the example rate for a real one.
Live savings and certificate APYs, each with the bank page and the date it was read.
Questions people ask
How does the page compound my savings?
It turns your annual rate and compounding choice into an equivalent monthly rate, then grows the starting balance and adds your monthly deposit each month for the number of years you set.
What does Effective Annual Yield (APY) mean?
It is the annual rate after compounding. With more frequent compounding, the same annual interest rate produces a higher APY.
How much of the ending balance is interest?
Interest Earned is the ending balance minus your starting balance and every monthly deposit. The Year by Year table shows that split for each year.
Does this account for taxes or inflation?
No. The page uses only your starting balance, deposit, rate, compounding and years, so the result is before tax and in future dollars.
