Savings Growth
Compound interest with your actual APY — see the difference an extra 0.5% makes over time.
Your savings
After 10 years at 5.00% APY
Final balance$94,111
Total contributed$70,000
Interest earned$24,111
At 4.00% APY (1% lower), you'd have $5,578 less.
Growth over time
Year 1$16,651
Year 5$46,837
Year 10$94,111
Assumes APY compounded monthly and constant contributions. Does not account for taxes on interest.