Use our complimentary savings calculators to determine how much your money can grow over time and calculate interest growth on your savings accounts.
With a savings account, your money grows over time based on how much you save each month, the interest rate on the account, and how long you save.
You want to earn as much interest as possible on your savings but not pay more than you have to when you borrow.
Money market accounts (MMAs) typically offer higher interest rates than traditional savings accounts. There can be, however, service fees if your account falls below your financial institution's minimum required balance.