Estimate savings growth at your APY with optional monthly contributions.
Overview
Short-label savings calculators still need clear inputs: starting amount, APY, time, and whether you automate deposits. Those four decisions drive most of the outcome more than small day-to-day timing differences.
Daily compounding is standard for online savings APY quotes. This tool applies that convention so you can benchmark automated transfers from checking or payroll splits.
Not affiliated with CIT Bank/Merrill. Use for planning only; confirm live APY and account features before moving money.
Steps
Enter current savings.
Annual percentage yield.
Monthly contribution if any.
Projection length.
View ending balance.
Test rate and deposit changes.
Math
FV savings with daily APY compounding and periodic deposits
Combines compound growth on balance with annuity-style deposit accumulation.
Worked cases
36 months daily compounding
Ending near $7,000 range.
Interest only on principal
Shows passive yield dollars.
Compare ending balances
Deposits accelerate goal dates.
Why use this
Questions