How much can you save?

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. This savings calculator is designed to illustrate how your savings will grow using compound interest, which is the most common type of interest for savings accounts. The interest in this calculator is compounded monthly.

How it works:

1. Enter how much your initial deposit will be or how much you currently have in savings as the Starting Amount.
2. Move the Monthly Savings slider to the amount you plan to contribute each month.
3. Adjust the Interest Rate slider to the interest rate on your savings account.
4. Finally, move the Years to Save slider to see how much you can save over time if you keep saving the same amount each month.

Disclaimer
While we hope you find this content useful, it is only intended to serve as a starting point. Your next step is to speak with a qualified, licensed professional who can provide advice tailored to your individual circumstances. Nothing in this article, nor in any associated resources, should be construed as financial or legal advice. Furthermore, while we have made good faith efforts to ensure that the information presented was correct as of the date the content was prepared, we are unable to guarantee that it remains accurate today.
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