Project how your savings account balance will grow over time with regular deposits.
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Projected Savings Balance
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Total Deposits—
Total Interest Earned—
Formula
Balance grows each year by the interest rate, plus the annual total of monthly deposits.
Example
Starting with $2,000 and depositing $250 per month at 4% annual interest grows to roughly $39,000 after 10 years.
Not tax or financial advice. This calculator provides general estimates based on published 2026 figures. Always confirm important figures with the IRS, SSA, your state tax agency, a licensed lender, or a qualified professional.
Frequently Asked Questions
What interest rate should I use?
High-yield savings accounts have offered various rates depending on the broader interest rate environment. Check current rates from your bank or a comparison site.
Is a savings account safer than investing?
Bank savings accounts are typically FDIC insured up to applicable limits and do not lose principal value, unlike investments in stocks or funds.