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Savings Calculator

Banking, Banking Basics, Savings Accounts
NerdWallet adheres to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

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:


at Marcus
by Goldman Sachs
Member, FDIC




NerdWallet bank rating:


at Discover
Member, FDIC


NerdWallet bank rating:


at American Express
National Bank
Member, FDIC

APY

2.05%





Monthly fees

$0





Bonus features

Excellent CD options




APY

2.00%





Monthly fees

$0





Bonus features

Solid CD options



APY

2.00%




Monthly fees

$0





Bonus features

24/7 customer service




See more high-yield savings accounts