Is the rate guaranteed?

Savings APY is variable and can change with central-bank rates.

Interest is usually taxable income in the year earned unless held in a tax-advantaged account.

Is savings interest taxed?

Usually yes, as ordinary income in the year earned, unless in a tax-advantaged account.

Bank deposits are typically insured up to the federal limit per depositor.

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Free savings calculator. Project your savings account balance from a starting amount, monthly deposits and interest.

Project how a high-yield savings account grows with regular deposits and compounding interest.

The savings calculator projects a deposit account balance from a starting amount plus regular monthly deposits, compounded at the account's APY.

$2,000 plus $250 a month at 4% APY for 10 years grows to roughly $39,000, including several thousand dollars of interest.

Is the rate guaranteed?: Savings APY is variable and can change with central-bank rates.
Taxed?: Interest is usually taxable income in the year earned unless held in a tax-advantaged account.
Is savings interest taxed?: Usually yes, as ordinary income in the year earned, unless in a tax-advantaged account.
Is my money safe?: Bank deposits are typically insured up to the federal limit per depositor.