What’s the Impact of Saving More Money?

If you're already a saver, you might ask yourself the question "what if I save more"? Increasing your existing savings rate by even 1% can yield big results. Save even more and the results are even better. The more you're able to save —and the longer you're able to save — the more you’ll take advantage of compounding, the ability to earn interest on your re-invested earned interest.

Use this calculator to determine the impact of saving more money.


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Article provided by Fintactix

© 2015 Fintactix

The calculations provided by this calculator are based entirely on the information you enter, including any savings rate or expected rate of return. These calculations do not reflect the terms available for any Regions savings or other deposit accounts. Find out more about Regions savings accounts.

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