Choose the smarter money move
Save Or Pay Off Debt Calculator
See if paying debt or saving earns you more in the long run.
Pay Down Debt or Save?
Find the Smarter Strategy Building savings is smart—but carrying high-interest debt can cost more in the long run. If you have extra money, should you put it into a savings account or use it to pay off debt?
Our Debt Payoff vs. Savings Calculator helps you compare what you earn in savings against what you pay in interest charges. If your debt rate is higher than your savings rate, you may save more by paying down balances first.
Use this tool to make confident financial decisions and choose the strategy that builds long-term wealth.