Savings Account Calculator


To use the calculator, simply enter the amount of money you would like to deposit and the number of months you want to keep it there for. Click "calculate" and you will see a list of accounts with the amount of money you can expect to make, in order of highest to lowest amount. We've factored in all minimum balance requirements and/or monthly fees so you can see exactly which account will be the most financially beneficial for you.

Your Deposit Information:

Deposit Amount: $

For How Many Months?

Why Online Savings Accounts?

It's simple — online savings accounts give you the most bang for your buck by offering higher interest rates than traditional bank accounts. In addition to higher rates, there are several more reasons why online savings accounts are the most convenient way to save. We break it down so you can start saving in just a couple of clicks:

  • Higher Interest Rates

    First and foremost, online banks can afford to offer higher interest rates since the cost of running an online bank is much less than a physical bank. Not having to maintain physical branches and pay more employees saves online banks more money, which they can then pass on to their customers.

  • Less Temptation to Withdraw Your Money

    All of the online banks that we review only allow you to withdraw money six times a month, otherwise you get charged $10 for each withdrawal over six. Why? Federal law limits the number of withdrawals and transfers from all U.S. savings accounts to six per statement cycle. But on the plus side, this helps you keep your money in savings, which means you'll end up earning more money.

  • Auto-Savings Transfers

    This feature allows you to set up automatic transfers from your checking account to your online savings account, so you can continue building your savings without lifting a finger.

  • Security:

    All of the online savings accounts we've reviewed are FDIC-insured and offer the same high level of security that regular banks offer. There is also less of a paper trail when it comes to online savings accounts, which makes them safer.


So how do you choose the best online savings account? With the different online savings accounts out there, the best way to choose the right one is simple: choose the one that will make you the most money. Thus, we've created a free online savings calculator for your convenience.

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Advertiser Disclosure: NextAdvisor.com is a consumer information site that offers free, independent reviews and ratings of online services. We receive advertising revenue from most but not all of the companies whose products and services we review. For credit cards, we review cards from all of the top 10 US issuers by purchase volume (according to Issue 1035 of The Nilson Report, Feb 2014) excluding issuers that require additional accounts to be a cardholder and private label issuers. We may also review cards from other issuers in select cases. We do not review all products in a given category. We are independently owned and operated and all opinions expressed on this site are our own.