Illustrate contributions and a constant hypothetical growth assumption. This is not a bank APY or a deposit offer. Monthly r = entered nominal rate ÷ 1200; n = years × 12. Future value = P(1+r)^n + C((1+r)^n−1)/r. At zero rate, P + Cn. Month-end contributions; no taxes, fees or inflation. A disclosed APY requires a different conversion. Values may fall. U.S. dollars for display. Enter consistent amounts. Do not enter identifying information. Values are not stored or sent by this tool. Results are hypothetical general education, not an offer or personalized advice.
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Banking & Saving
Read APY and Compounding Without Turning an Illustration Into a Promise
Annual percentage yield, or APY, is a way to express deposit interest on an annualized basis that accounts for compounding.
Read the guide: Read APY and Compounding Without Turning an Illustration Into a Promise