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HomeFinanceLoan CalculatorsSavings Account Interest Calculator
Banking

Savings Account Interest Calculator

Calculate how much interest your savings account will earn over a given period. Compare different savings rates and see the impact of regular contributions on your total returns.

Updated 2024-12-15 10 min read Calzyra Financial Team

CalculatorFree Tool

$

The current or starting balance in your savings account.

$

The additional amount you plan to deposit each month.

%

The annual interest rate offered by your savings account.

years

How long you plan to keep saving over this period.

How often the interest is compounded in your savings account.

Savings Account Interest Calculator - Formula

A = P×(1+r/n)^(nt) + PMT×[((1+r/n)^(nt)−1)/(r/n)]

Future value formula combining initial deposit and periodic contributions where P is the starting balance, PMT is the monthly contribution, r is the annual rate, n is compounding frequency, and t is time in years.

Frequently Asked Questions

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