Compare Savings Rates Calculator

Even a small difference in the interest you are paid on your savings can add up over time.

Use this calculator to see how different savings rates can impact your savings strategy! This calculator can also show you how deposits at the start of each month, compared to the end of the month, can impact your savings balance.

 

Compare Savings Rates FAQ

Starting amount

The starting balance or current amount you have invested or saved. If you haven't started saving yet, set the amount to '$0'.

Years

The total number of years you are planning to save or invest.

Additional contributions

The amount that you plan on adding to your savings or investment regularly.

Contribution frequency

How often your additional contributions will occur. Your choices are weekly (52 times per year), every other week (26 times per year), monthly, quarterly or annually.

Make deposits at beginning of the period

Check this box to have all additional contributions happen at the beginning of each period. Uncheck this box for the end of the period. Making contributions at the beginning of each period allows your money to begin earning a return immediately increasing your return.