Finsanta financial tool
Savings account interest calculator
Estimate how much your savings account could grow with interest and recurring monthly deposits.
Your estimate
$17,175.69
Estimated savings balance
Starting amount
$5,000.00
Interest earned
$1,375.69
Monthly contribution
$300.00
Turn a savings rate into a goal
Use a realistic rate and recurring deposit to estimate how an emergency fund, down payment fund, or other cash goal may grow. Rates can change, so revisit the estimate as your account changes.
Start with APY
Use the account's advertised annual percentage yield.
Add deposits
Consistency often matters more than a perfect rate.
Keep cash accessible
Savings are designed for liquidity, not maximum market growth.
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Frequently asked questions
How does savings account interest grow?
Interest compounds over time. Your balance, annual yield, compounding schedule, and ongoing deposits all affect the result.
What is APY?
APY reflects the annual yield after compounding and is often the clearest number for comparing savings accounts.
Can the savings rate change?
Yes. Many savings accounts have variable rates. Recalculate when your bank changes the rate or when your deposits change.