Tools
Savings Calculators
Project your savings growth over time, or calculate the true annual percentage yield from any nominal rate and compounding frequency.
Savings Growth
Enter your starting balance, APY, and monthly additions to see how your savings compound over time.
$
%
$
Balance after 10 years
$89,018
total account value
Total deposited
$70,000
starting balance + additions
Interest earned
$19,018
compounded monthly
Total balance
Principal only
| Period | Total Balance | Principal | Interest Earned | Interest % |
|---|---|---|---|---|
| 3 mo | $11,608 | $11,500 | $108 | 0.9% |
| 1 yr | $16,531 | $16,000 | $531 | 3.2% |
| 2 yr | $23,333 | $22,000 | $1,333 | 5.7% |
| 3 yr | $30,419 | $28,000 | $2,419 | 8.0% |
| 5 yr | $45,490 | $40,000 | $5,490 | 12.1% |
| 10 yr | $89,018 | $70,000 | $19,018 | 21.4% |
APY Calculator
Convert a nominal interest rate to its true Annual Percentage Yield based on compounding frequency. A higher compounding frequency means slightly more interest earned.
%
True APY
4.08%
+0.08% above nominal rate
Nominal rate4.00%
CompoundingDaily
True APY4.08%
$10,000 after 1 year$10,408
Interest on $10,000$408
APY = (1 + r/n)ⁿ − 1 | where r = nominal rate, n = compounding periods per year. Continuous compounding uses APY = eʳ − 1.