💰 Savings Result
$10,000 deposit + at 5% for 5 years grows to $12,834
At 5% compound interest over 5 years, $10,000 deposit + at 5% for 5 years becomes $12,834. You contribute $10,000 and earn $2,834 in interest — a 28% return.
▶ Open full savings calculatorFinal balance
$12,834
After 5 years
Interest earned
$2,834
28% return
Total deposited
$10,000
Your contributions
Why $2,834 in free interest
At 5%, money doubles every approximately 14.4 years. In the first year you earn $512 in interest. By year 5, you earn $625 — far more, because you're earning interest on all accumulated gains.
To compare this with an investment portfolio, use the compound interest calculator. To understand how inflation erodes purchasing power of these savings over time, see the inflation calculator.