See how a savings deposit grows with annual compounding.
A savings or certificate deposit compounds annually, so the ending balance grows faster than the starting deposit times the simple rate. The result reflects interests compounding over the chosen term. Comparing real APY across high-yield savings and CDs matters because it directly sets how fast a nest egg grows.
Savings Account Interest
Ending = P x (1 + r)^years
Ending = P x (1 + r)^years A savings or certificate deposit compounds annually, so the ending balance grows faster than the starting deposit times the simple rate. The result reflects interests compounding over the chosen term.
Comparing real APY across high-yield savings and CDs matters because it directly sets how fast a nest egg grows.
This calculator takes 3 inputs: Deposit, Annual rate, Years. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.