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Savings Calculator

April 8, 2020
Banking, Banking Basics, Savings Accounts
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

When you put money in a savings account, the interest you earn builds on itself over time. The savings calculator below will help you understand how your money can grow.

» Want to upgrade your account? Check out NerdWallet’s best high-yield online savings accounts.

Or to compare some top savings accounts, check out the table below:

Marcus by Goldman Sachs

at Marcus by Goldman Sachs,

Member, FDIC

NerdWallet bank rating:
4.0 NerdWallet rating
NerdWallet bank rating:
4.0 NerdWallet rating
NerdWallet bank rating:
5.0 NerdWallet rating


APY

1.05% APY (annual percentage yield) as of 6/16/2020





Monthly fees

$0





Bonus features

Excellent CD options



APY

0.75%







Monthly fees

$0





Bonus features

Large ATM network



APY

0.95%







Monthly fees

$0





Bonus features

Solid CD options



See more high-yield savings accounts

Savings calculator tip

First, run the numbers without a monthly deposit. Then try it again with $25 or $100 per month to see how regularly adding even a small amount can move you closer to your savings goal. You can take a deeper dive with this explainer on compound interest.

» Saving for a short-term goal? Take a look at NerdWallet’s best one-year CD rates.

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