Quick savings growth and interest estimates for high-yield cash planning.
Overview
A shorthand “CIT calculator” usually means: given an APY I see online, what happens to my cash over time? This page answers that without requiring spreadsheets, using daily compounding consistent with savings APY quoting conventions.
Toggle between building savings with deposits and measuring interest on money already parked. Both views share the APY assumption you control.
Not affiliated with CIT Bank/Merrill. Rates and product names change; always verify live terms before transactions.
Steps
Savings path or interest-on-lump-sum.
From bank website or promo email.
Starting amounts and deposits.
How long money stays.
Run projection.
Save assumptions for later review.
Math
Mode-specific FV and interest formulas with daily APY
Each mode applies standard time-value-of-money relationships with daily compounding.
Worked cases
10k, 2 years, no deposits
Baseline interest reference.
3-year savings mode
Automated savings accumulation.
Interest-only on lump sum
Parking scenario dollars.
Why use this
Questions