Savings Account Comparison Calculator
Compare savings accounts, calculate interest growth, and find the best rates for your financial goals. Compare multiple accounts with detailed projections.
Account 1: Basic Details
Account Details
Higher compounding frequency typically yields better returns. Consider your liquidity needs when choosing account type.
Account 2: Comparison Details
Comparison Tips
Even small differences in interest rates can significantly impact long-term savings growth. Consider fees, withdrawal limits, and minimum balances.
Savings Account Comparison Results
Total Value After 10 Years
10-Year Growth Projection
Growth Analysis
Account 2 with a higher interest rate yields significantly more over time. The power of compounding becomes more apparent after 5+ years.
Detailed Year-by-Year Breakdown
Compounding Interest Formula
A = P(1 + r/n)nt + PMT × [((1 + r/n)nt – 1) / (r/n)]
A = Future value | P = Principal | r = Annual rate | n = Compounding periods per year | t = Time in years | PMT = Monthly deposit
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