🏦 Savings Calculator
Project your savings balance over time with regular deposits and compound interest.…
How to Use the Savings Calculator
Enter your current savings balance, monthly contribution, expected annual interest rate, and time horizon to see how your savings will grow. The calculator uses compound interest to project your future balance, showing the dramatic difference between early and late saving.
High-Yield Savings Accounts in 2025
Online high-yield savings accounts (HYSAs) currently offer APYs of 4.5–5.5%, significantly higher than the national average of about 0.5% at traditional banks. On a $20,000 balance, that difference ($900/year vs. $100/year) compounds meaningfully over time.
The Importance of Starting Early
Someone who saves $300/month from age 22–32 (10 years, then stops) at 8% will typically have more at 65 than someone who saves $300/month from 32–65 (33 years). Starting a decade earlier gives compound interest far more time to work.