Savings Calculator
Also works as a HYSA calculator. See how much you'll have, or how long it'll take to hit a savings goal.
Nothing you enter is sent to or stored by us. This runs entirely in your browser. Share puts your numbers in the link itself, so anyone who opens it can see them.
Common questions
How long will it take to reach my savings goal?
Switch to "How long until my goal?" above, enter your target amount, and this works backward from your deposit, monthly contribution, and APY to tell you exactly how many months or years it'll take.
How is my savings growth calculated?
This compounds your starting deposit and every monthly contribution at your entered APY, compounded monthly, over the number of years you choose.
What is a high-yield savings account (HYSA)?
A HYSA is a savings account, usually from an online bank, that pays a much higher APY than a typical brick-and-mortar bank's savings account. Rates vary by bank and change over time, so it's worth comparing before choosing one.
Is my money safe in a high-yield savings account?
Yes, as long as the bank is FDIC-insured (or NCUA-insured for credit unions), your deposits are protected up to $250,000 per depositor, per bank, the same protection as a traditional savings account.
What's the best way to grow your savings faster?
Increasing your monthly contribution has a bigger long-term effect than chasing a slightly higher APY. That said, comparing rates across a few banks before you deposit costs nothing and adds up over time too.