HOW IT WORKS
With a savings account, your money will grow over time. That growth will change based on how much you save each month, the interest rate on the account, and how long you save. This calculator is designed to illustrate how your savings will grow. Enter how much you will contribute to a savings account to start or how much you currently have in savings as the Starting Amount. Move the Monthly Savings slider to the amount you’ll contribute to your savings account each month. Adjust the Interest Rate slider to the interest rate on your savings account. Finally, move the Years to Save slider to see how much you can save over time if you keep saving the same amount each month.