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Savings Calculator

Banking, Banking Basics, Savings Accounts
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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.
  • Want to compare some top savings accounts? Check out the table below.



    at Marcus
    by Goldman Sachs
    Member, FDIC







    at Discover
    Member, FDIC



    at American Express
    National Bank
    Member, FDIC

    APY

    1.85%





    Monthly fees

    $0





    Bonus features

    Excellent CD options




    APY

    1.75%





    Monthly fees

    $0





    Bonus features

    Solid CD options



    APY

    1.75%




    Monthly fees

    $0





    Bonus features

    24/7 customer service




    See more high-yield savings accounts

    »Looking to compare more? Read NerdWallet’s list of best savings accounts.