How to use it
- Enter Starting amount.
- Enter Annual rate %.
- Enter Years.
- Enter Compounds / year.
- Enter Monthly contribution.
The formula
Interest compounds while keeping easy access.
Worked example
Combines competitive rates with liquidity.
Frequently asked questions
Different from savings?
Often higher rates with some limits.
Any risk?
Insured accounts are low risk.
Tips
- Automate deposits so saving happens by default.
- Keep an easy-access emergency buffer separate from goals.
- Chase a competitive rate — the gap compounds.
Key terms
- APY
- Yearly rate including compounding.
- Liquidity
- How easily you can access funds.
- CD
- A fixed-term deposit.