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.

NextAdvisor Savings Accounts Blog Headlines

Ally vs. Discover: Which Online Savings Account Is Best?
Jun 23, 2014 - If you?re looking to invest some of your money in an online savings account, you should consider looking into either Ally Bank or Discover online banking, both of which are FDIC insured and trusted in the online banking world. Which one is best? Well, it depends on what kind of initial investment...

Secure Online Savings Accounts
Apr 30, 2014 - It's no secret that you can get the highest interest rates with an online savings account. Because these online banks do not require all the costs of maintaining physical branches and all the employees that come with these locations, they can pass their savings on to their customers via higher in...

Get Comfortable With Your Finances
Feb 27, 2014 - According to a new health study from Wells Fargo, nearly half of Americans say the most challenging topic to discuss with others is personal finances, rather than other touchy subjects such as death, politics and religion. The survey also pointed out that one-third of Americans say they are more ...

Win Big in NextAdvisor's $500 Cash Giveaway
Feb 11, 2014 - Want some extra cash? How about $500? How to enter NextAdvisor's $500 Cash Giveaway We are giving away $500 cash to one of our lucky readers! To enter, hop over to NextAdvisor's Facebook page and fill out the $500 cash giveaway survey ? be sure to "like" us first! In order to be eligible for [...]

Study Shows 51% of U.S. Adults Bank Online
Aug 12, 2013 - The Pew Research Center has released a study that shows 51% of U.S. adults, or 61% of Internet users, bank online. According to the data, it is apparent that younger Internet users, those that are 18 to 29, report the most significant increases for online banking. These findings, that are based o...

About UsBlogContact Us Forums Terms & Privacy PolicyAffiliate ProgramSite Map
NextAdvisor.com is a BBB Accredited Information Bureau in San Francisco, CA

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 or private label issuers. We may also review cards from other issuers in select cases. We are independently owned and operated and all opinions expressed on this site are our own.