Savings Calculator
See how your savings grow over time with regular deposits and compound interest. Enter your initial deposit, monthly contribution, interest rate, and time horizon.
Savings Calculator
finance calculator
How It Works
Formula
Balance = Initial × (1+r)^n + Monthly × [((1+r)^n − 1) / r]
Examples
$1,000 + $200/month at 4% for 5 years
Grows to about $14,500.
Frequently Asked Questions
How much will my savings grow?
It depends on your deposits, interest rate, and time. Compound interest accelerates growth — the longer you save, the larger the share that comes from interest rather than deposits.
What is a good savings interest rate?
High-yield savings accounts currently offer around 4-5% APY. Traditional savings accounts often pay under 1%. Shop around for the best rate.
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