Project a savings balance from a starting amount plus steady monthly deposits at your account's APY.
How it works
- Type in your starting savings balance.
- Enter your monthly deposit amount and your bank's APY.
- The calculator runs a monthly compound cycle to determine your final savings.
Frequently asked questions
What is APY vs APR?
APY includes compounding; APR does not. Savings accounts advertise APY, so this tool expects APY.
Are high-yield savings rates fixed?
No — they float with the market. Re-run the numbers when your bank changes its rate.
Is interest taxed?
In most countries savings interest is taxable income; this projection is pre-tax.