SAV
Savings Calculator
How a savings account grows with regular deposits at your bank's rate and compounding.
Result…
How it's calculated
APY = (1 + r ÷ n)^n − 1 Balance = P × (1 + r ÷ n)^(n × t) + C × ((1 + i)^m − 1) ÷ i, i = (1 + r ÷ n)^(n ÷ 12) − 1
A savings account pays its quoted rate compounded at the bank's frequency; the APY is what that comes to over a year. Monthly deposits are made at the end of each month. Rising yearly interest shows compounding at work.
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