Free financial calculator
Savings Interest & High-Yield Savings Calculator
Project how a savings account could grow and compare two APY or AER offers using the same deposits and timeframe.
Use the calculator ↓Adjust the assumptions
Savings Interest & High-Yield Savings Calculator
Project how a savings account could grow and compare two APY or AER offers using the same deposits and timeframe.
Result
£0
View year-by-year breakdown ＋
| Year | Contributions | Growth | Balance |
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Questions answered
What this calculator helps you work out
- How much interest could my savings earn?
- How much difference does a higher APY or AER make?
- What could my savings be worth after tax and inflation?
Common questions
Savings Interest & High-Yield Savings Calculator FAQs
What is APY or AER?＋
Both express the effective annual return after compounding, making savings accounts easier to compare on a like-for-like basis.
How much interest does 10,000 earn at 4.5%?＋
With no deposits or withdrawals, a 4.5% APY or AER produces approximately 450 of gross interest over one year.
Does this calculate tax on savings interest?＋
You can enter a tax rate for a simplified estimate. Allowances, exemptions and tax rules vary by country and individual.
Go beyond the result
How Much Interest Will $10,000 Earn in a Year?
See a worked example, the trade-offs to consider and the assumptions that can change the answer.