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Savings Calculator (High-Yield & APY)
Free savings calculator: how much a high-yield savings account or CD grows with a starting amount, monthly deposits and the APY, and the interest you earn.
Your savings
You'll have in 5 years
$25,937
| You deposited | $23,000 |
| Interest earned | $2,937 |
Interest is taxable income: your bank sends a Form 1099-INT if you earn $10 or more. Deposits are FDIC-insured up to $250,000 per bank, per owner.
Assumes the same APY throughout; savings rates change. Not legal, tax or financial advice. 🔒 Everything stays on your device.
📚 Official sources: FDIC: deposit insurance
We build every tool from the official rules and re-check them when they change. Always confirm with the official source before you rely on a result.
🛠️ Spotted a mistake or an out-of-date rule? Tell us
Questions people ask
How much is $10,000 at 4% APY after a year?+
$10,400. APY already includes compounding.
Is savings interest taxed?+
Yes, as ordinary income. Your bank sends Form 1099-INT if you earn $10 or more.