Compare Savings Rates Calculator

See how varying savings account rates impact your long-term savings strategy.

  • Methods explained
  • Save scenarios
  • Compare saved scenarios

Savings Plan

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10 years
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Rate Comparison

5% APYBest
Deposits:$60,000
Interest:$17,964.64
Total: $77,964.64
4% APY
Deposits:$60,000
Interest:$13,870.32
Total: $73,870.32
3% APY
Deposits:$60,000
Interest:$10,045.39
Total: $70,045.39

Choosing the best rate earns you $7,919.25 more in interest over 10 years!

How it works›

Model and assumptions. Compounds the initial deposit and scheduled contributions at the entered rate and frequency. Future value uses the principal growth factor plus the accumulated deposits, with a direct sum when the rate is zero. Rates are constant; early-withdrawal penalties, taxes and fees apply only where explicitly entered.OpenStax: annuity formulas