Compound Interest Calculator

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Compound Interest Calculator

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Our compound interest calculator gives you some insight on how saving your money, no matter the amount, can really pay off. Even the smallest deposits into your savings account can really stack up. Go ahead and check out the magic of compounding interest.

Initial Deposit ($)

Contributions ($)

Monthly Annually

Investment Time Span

5 Years

Estimated Rate of Return

Compound Frequency

Daily Monthly Yearly

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Showing 1-6 of 6 accounts

OVERALL RATING:

(5)

Open Account

on Vio Bank's website

Min. Balance

$100

to start

Monthly Fee

$0

APY

4.01%

Minimum

$100

APY

4.01%

+ SHOW MORE DETAILS

About Bank

Vio Bank is the 82nd largest bank in the nation. It was established in 1911 and as of September of 2019, it had grown to 2,632 employees.

Details

Domestic Wire Transfer Fee - Outbound:
$18
Min to Open:
$100
Monthly Service Charge:
$0
Online Banking Available:
Yes
Online Banking Required:
Yes
Online Statements Available:
Yes
Paper Statements Available:
Yes
Permitted Monthly Withdrawals:
6

View More Details

Details

Domestic Wire Transfer Fee - Outbound:
$18
Min to Open:
$100
Monthly Service Charge:
$0
Online Banking Available:
Yes
Online Banking Required:
Yes
Online Statements Available:
Yes
Paper Statements Available:
Yes
Permitted Monthly Withdrawals:
6

OVERALL RATING:

(5)

Open Account

on Synchrony Bank's website

Min. Balance

$0

to start

Monthly Fee

$0

APY

3.75%

Minimum

$0

APY

3.75%

+ SHOW MORE DETAILS

About Bank

Synchrony Bank (formerly GE Capital Retail Bank) is the personal depository banking component of Synchrony Financial. Synchrony Bank, which also utilizes the Optimizer+plus brand and MyOptimizerPlus.com website for marketing its deposit accounts, has grown to become one of the most prominent online banks in the market. Synchrony is a member of the FDIC, and its accounts are FDIC insured (up to applicable limits).

Details

ATM Fees Refunded - Amount:
$5
ATM Fees Refunded - Number:
Unlimited
ATM Fees Refunded - Transaction Amount:
Unlimited
Domestic Wire Transfer Fee - Outbound:
$25
Min to Open:
$0
Monthly Service Charge:
$0
Online Banking Available:
Yes
Permitted Monthly Withdrawals:
6

View More Details

Details

ATM Fees Refunded - Amount:
$5
ATM Fees Refunded - Number:
Unlimited
ATM Fees Refunded - Transaction Amount:
Unlimited
Domestic Wire Transfer Fee - Outbound:
$25
Min to Open:
$0
Monthly Service Charge:
$0
Online Banking Available:
Yes
Permitted Monthly Withdrawals:
6

OVERALL RATING:

(2)

Open Account

on CIT Bank's website

Min. Balance

$25K

to start

Monthly Fee

$0

APY

1%

Minimum

$25K

APY

1%

+ SHOW MORE DETAILS

About Bank

CIT Bank is a well-capitalized Internet bank offering personal banking products to consumers. The bank’s acronym is an abbreviation for Commercial Investment Trust, which was a name the company used early on. CIT Bank’s holding company, CIT Group, is a leader in middle market lending across a variety of industries. Since 2008, the company has shifted to a more bank-centric business focus and offers very competitive interest rates on its deposits.

Details

Domestic Wire Transfer Fee - Inbound:
$0
Domestic Wire Transfer Fee - Outbound:
$10
Min to Open:
$25,000
Monthly Service Charge:
$0
Online Banking Available:
Yes
Online Statements Available:
Yes

View More Details

Details

Domestic Wire Transfer Fee - Inbound:
$0
Domestic Wire Transfer Fee - Outbound:
$10
Min to Open:
$25,000
Monthly Service Charge:
$0
Online Banking Available:
Yes
Online Statements Available:
Yes

OVERALL RATING:

(5.0)

Open Account

on Axos Bank's website

Min. Balance

$0

to start

Monthly Fee

$0

APY

0.61%

Minimum

$0

APY

0.61%

+ SHOW MORE DETAILS

About Bank

Axos Bank is the 137th largest bank in the nation. It was established in 2000 and as of September of 2019, it had grown to 1,021 employees.

Details

Allows Beneficiaries:
Yes
Domestic Wire Transfer Fee - Inbound:
$0
Domestic Wire Transfer Fee - Outbound:
$35
Min to Open:
$250
Monthly Service Charge:
$0
Online Banking Available:
Yes
Online Billpay Available:
Yes
Online Statements Available:
Yes
Paper Statements Available:
Yes
Permitted Monthly Withdrawals:
6

View More Details

Details

Allows Beneficiaries:
Yes
Domestic Wire Transfer Fee - Inbound:
$0
Domestic Wire Transfer Fee - Outbound:
$35
Min to Open:
$250
Monthly Service Charge:
$0
Online Banking Available:
Yes
Online Billpay Available:
Yes
Online Statements Available:
Yes
Paper Statements Available:
Yes
Permitted Monthly Withdrawals:
6

OVERALL RATING:

(4.8)

Open Account

on Marcus by Goldman Sachs's website

Min. Balance

$0

to start

Monthly Fee

$0

APY

3.30%

Minimum

$0

APY

3.30%

+ SHOW MORE DETAILS

About Bank

In December 2017, Goldman Sachs Bank USA re-branded to Marcus by Goldman Sachs - Goldman Sachs Bank USA. Marcus is the name the company had been using exclusively for their online lending business. The deposit offerings renamed the same, but Goldman rolled out a new and improved mobile experience with the new brand.

Details

Allows Beneficiaries:
Yes
Domestic Wire Transfer Fee - Inbound:
$0
Domestic Wire Transfer Fee - Outbound:
$0
Min to Open:
$0
Online Banking Available:
Yes
Online Statements Available:
Yes
Permitted Monthly Withdrawals:
6

View More Details

Details

Allows Beneficiaries:
Yes
Domestic Wire Transfer Fee - Inbound:
$0
Domestic Wire Transfer Fee - Outbound:
$0
Min to Open:
$0
Online Banking Available:
Yes
Online Statements Available:
Yes
Permitted Monthly Withdrawals:
6

OVERALL RATING:

(5.0)

Open Account

on Nationwide by Axos Bank's website

Min. Balance

$1K

to start

Monthly Fee

$3

APY

0.30%

Minimum

$1K

APY

0.30%

+ SHOW MORE DETAILS

About Bank

Nationwide by Axos Bank is the 137th largest bank in the nation. It was established in 2000 and as of September of 2019, it had grown to 1,021 employees.

Details

ATM Fees Refunded - Amount:
$30
ATM Fees Refunded - Number:
Unlimited
ATM Fees Refunded - Transaction Amount:
Unlimited
Domestic Wire Transfer Fee - Inbound:
$0
Domestic Wire Transfer Fee - Outbound:
$35
Min Balance to Avoid Service Charge - Min:
$300
Min to Open:
$25
Monthly Service Charge:
$3
Monthly Service Charge is Avoidable:
Yes
Online Banking Available:
Yes
Online Billpay Available:
Yes
Online Statements Available:
Yes
Permitted Monthly Withdrawals:
6

View More Details

Details

ATM Fees Refunded - Amount:
$30
ATM Fees Refunded - Number:
Unlimited
ATM Fees Refunded - Transaction Amount:
Unlimited
Domestic Wire Transfer Fee - Inbound:
$0
Domestic Wire Transfer Fee - Outbound:
$35
Min Balance to Avoid Service Charge - Min:
$300
Min to Open:
$25
Monthly Service Charge:
$3
Monthly Service Charge is Avoidable:
Yes
Online Banking Available:
Yes
Online Billpay Available:
Yes
Online Statements Available:
Yes
Permitted Monthly Withdrawals:
6

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