APY Savings Calculator

  • Earn 4.00% APY (see disclosure 1) with Chime Prime, free with qualifying direct deposits. (see disclosure 2)

  • Interest compounds daily, so your money grows a little every day.

  • No minimum balance, you start earning on your first dollar.

  • FDIC-Insured up to $250,000 through partner banks. (see disclosure 3)

Free tools

APY Savings Calculator

Enter the amount of money you’re starting with. If you do not have a starting balance yet, enter $0.

Enter the amount of money you plan to add to your savings on a weekly, biweekly, monthly, quarterly, or annual contribution basis.

Choose the number of months or years you plan to save.

Enter the annual percentage yield your savings account earns, which includes the effect of daily compound interest.

This calculator is provided by Chime for educational purposes only. It makes estimates based on the information you provide, and your actual balance will differ as your deposits, your withdrawals, and the annual percentage yield in effect change over time. It is not an offer of any particular rate, a guarantee of future earnings, or tax, legal, financial, or investment advice.

How to use the APY Savings calculator.

Estimate how much interest you’ll earn on your next Savings goal.

1. Enter your starting balance
If you already have some money saved for this goal, enter it here. If not, just enter $0.

2. How much are contributing and how often
Contribute as little as $1 and choose how often—from weekly to annually.

3. Set your Savings goal time period
Enter when you want to reach this goal in years or months.

4. Add your APY (annual percentage yield)
Enter the current APY (annual percentage yield) of your savings account to see how your money grows.

Chime isn't your average savings account

Compare savings rates, fees, and features. When you look at the numbers, it’s not even close.

Chime Prime offers 3.75% APY, compared to Wells Fargo's 0.05% and Bank of America's 0.04%, showing 10x the national average.
A 5-year savings calculator comparing Chime's 4.00% APY to a traditional bank's 0.38%, showing Chime earns $3,423 vs $304 interest.
Green piggy bank with a coin on top next to text reading APY Rate 10x National Average.

Here’s how to get more from your Savings.

Earning 4.00% APY is easier than you think:

  • Open a Chime account.

  • Make qualifying direct deposits.

  • Unlock 4.00% APY with Chime Prime.

Open an account
A smiling father dances with his young daughter in a new home surrounded by moving boxes, while a woman carries a box nearby.

Put your Savings to work

Upgrade to Chime Prime with a qualifying direct deposit to get 4.00% APY — without the fees.

Not all Savings accounts are equal.

A translucent green piggy bank with a silver coin being inserted into the slot on top, set against a dark green background.

Savings account

Best for: short-term goals, emergency planning

Key feature: Easy access to your money

High-yield Savings account

Best for: Short-term and long-term goals

Key feature: Easy access to your money, plus higher interest rates to grow your savings faster.

Money market account

Best for: Larger balances

Key feature: Often offers a higher interest rate in exchange for a higher minimum balance requirement.

Certificate of deposit

Best for: Long-term goals with fixed timeline

Key feature: Fixed interest rate for several months to a few years.

A smartphone displaying the Chime Prime app with an available balance of $1,246.91, savings of $8,210.45, and $74.29 cash back.

Direct deposit unlocks 5% cash back and more.

With the Chime Card (see disclosure 4) , you get 5% cash back (see disclosure 5) on a monthly category of your choice, higher APY on savings, (see disclosure 1) fee-free overdraft, (see disclosure 6) and more with qualifying direct deposits of $3,000 per month. (see disclosure 2)

Learn more

FAQs

What if I can’t afford to save the calculated monthly amount?

Extend your deadline to lower the monthly amount, or start with what you can afford now and increase it as your income grows.

Should I save for multiple goals at once or focus on one at a time?

Focus on building an emergency fund first. Then split savings between multiple goals once you have that safety net.

What happens if I miss a month of savings?

Missing a month of savings isn’t a failure – just get back on track the following month or adjust your timeline slightly.

How do I know if my savings goals is realistic?

Use the 50/30/20 rule as a guide: if your goal requires saving more than 20% of your income, consider extending your timeline.