Find out exactly how long it takes to reach your savings goal — or reverse it to find your required monthly savings.
Two modes: find when you'll hit your goal, or how much to save monthly.
Setting up an automatic transfer on payday removes the temptation to spend first and save what's left. Studies show automated savers save 40% more on average than those who manually transfer money. Set it, forget it, and watch your goal approach.
Traditional savings accounts at big banks often pay just 0.01%–0.1% APY. High-yield savings accounts at online banks currently offer 4%–5% APY — that's 40–500× more. On a $10,000 balance, that's the difference between $10 and $450 in annual interest, completely passively.