🏦 Savings Calculator
Calculate interest earnings on savings and term deposits
Principal
$10,000
Interest
$450
Monthly Interest
$37.5
Calculate interest earnings on savings and term deposits
This calculator supports interest calculations for both savings and term deposit accounts. Enter the deposit amount, term, and interest rate to calculate the interest earned and total balance at maturity.
Savings rates vary by institution and market conditions. Online banks and credit unions often offer higher rates than traditional brick-and-mortar banks.
Typical savings rates:
Regular savings account: 0.01%-0.50% High-yield savings: 3.5%-5.0% Money market account: 3.0%-5.0% CD (Certificate of Deposit): - 3 months: 4.0%-5.0% - 6 months: 4.2%-5.1% - 1 year: 4.0%-5.0% - 2 years: 3.8%-4.8% - 5 years: 3.5%-4.5%
Note: Rates vary significantly between institutions and change with market conditions. The above are approximate reference values.