Estimate how your savings could grow from an initial amount, regular monthly contributions and an annual interest rate.
Estimate only. Actual returns depend on the provider's rate, compounding method, fees and deposit timing.
This calculator uses monthly compounding as an estimate. It starts with your initial savings, adds the monthly contribution, and applies the equivalent monthly interest rate over the selected period.
Total contributed is your initial savings plus all monthly contributions. Estimated interest is the difference between the final balance and total contributions.
No. It is an estimate. Savings products can use different rates, compounding periods, promotional rates and fees.
The calculator simply adds your initial savings and monthly contributions.
Yes. Enter the annual rate advertised by your savings provider and check how that provider calculates interest.