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Deposit calculator
Project how much a deposit account will hold after regular monthly additions and compound interest.
Deposit calculator
Enter your values below and press Calculate to see your result instantly.
Projected Final Balance
$38,421
TOTAL INTEREST
$9,421
TOTAL CONTRIBUTIONS
$29,000
Your portfolio will grow to $38,421. Compounding interest accounts for 24.5% of the total value.
About the Deposit calculator
Project how much a deposit account will hold after regular monthly additions and compound interest.
How to use the Deposit calculator
- Enter your Initial Deposit, Monthly Contribution, Annual Interest (APY %) and Time Period (Years).
- Press Project Accumulation.
Formula and method
FV = P × (1 + i)ⁿ + PMT × ((1 + i)ⁿ − 1) ÷ i, with i the monthly rate and n the number of months.
Worked example
$5,000 plus $200 a month at about 4% for 10 years grows to roughly $36,900.
Tips
- Interest rates on deposit accounts can change.
- Compare accounts using APY.
Frequently asked questions
How much interest will I earn?
Subtract the total you deposited from the final balance to see the interest earned.