Track savings account growth with regular deposits.
Whether you're saving in a high-yield savings account, money market, or CD, see exactly how regular deposits compound toward your goals.
Core Formula
FV = Initial × (1+r)^t + Monthly × [((1+r)^t - 1) / r]
What's a good savings rate today?
As of 2026, top online high-yield savings accounts pay up to about 4.45% APY (FDIC national average ≈ 0.38%). Shop around — online banks typically pay far more than traditional brick-and-mortar. Rates retrieved 2026-08-11 and move with the Fed funds rate.
Should I save or invest extra cash?
Keep 3-6 months of expenses in savings for emergencies. Anything beyond that time horizon should generally be invested for higher long-term returns.
* All calculations above are theoretical estimates. Actual returns vary based on market performance, fees, taxes, inflation, and economic factors. This tool is for educational purposes only — not financial advice.
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Your savings rate and investment growth are the two levers that determine your path to financial independence. But which matters more? The 2026 data reveals a surprising answer — and shows how to optimize both for maximum FIRE progress.
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