How much of a difference will the rate make?

This calculator shows how much a rate change will impact how much interest you will earn over a period of time.


This tool shows the benefits of compounding over a range of saving periods. You enter an interest rate that you expect to earn on your deposits. The calculator assumes you are using a tax-advantaged account and that interest is compounded monthly.*

Compounding is the process of adding interest to your original deposit and contributing the sum for another identical period. The more frequent the compounding is, the greater the future value. Similarly, the higher your savings interest rate, the greater the future value of your savings.

*Tax-advantaged accounts may have restrictions on taking early penalty-free distributions. You may wish to consult a financial professional.