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Savings Calculator

Banking, Banking Basics, Savings Accounts
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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.

Savings calculator tips

  • 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.
  • Not sure what kind of rate you can realistically find? Check out our favorite high-yield online savings accounts, or use our comparison tool to search rates across thousands of accounts at once.

» You can take a deeper dive with this explainer on compound interest.

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


NerdWallet bank rating:
4.0 NerdWallet rating


at Marcus
by Goldman Sachs
Member, FDIC




NerdWallet bank rating:
4.5 NerdWallet rating


at Discover
Member, FDIC


NerdWallet bank rating:
4.0 NerdWallet rating


at American Express
National Bank
Member, FDIC

APY

2.25%





Monthly fees

$0





Bonus features

Excellent CD options




APY

2.10%





Monthly fees

$0





Bonus features

Solid CD options



APY

2.10%




Monthly fees

$0





Bonus features

24/7 customer service




See more high-yield savings accounts