Savings Calculator
Do you want to know how much interest your savings will generate? Or perhaps you need to know how long it will take you to save up for a big purchase like a car? Our savings calculator can help you answer a variety of questions about your savings and interest rates.
To get started just click on the option that suits your requirements, enter the relevant numbers, and our calculator will do the rest.
How much will I have in the future?Ideal if you want to know how much regular saving will earn you over a period of time.
How long will you need to save for something?Want to save for something new? Our calculator will tell you how long you need to save to reach your goal.
How much should I save each month?Saving for something special? The calculator will tell you how much to put into your savings each month
How we calculate your results
In order to provide you with your calculation, our calculator makes a number of assumptions, so please be aware that the results are indicative only. Please see the assumptions below:
1. The calculator assumes any rate you enter is fixed, therefore if a rate was variable and was to change then the calculation would also change.
2. The calculator assumes that you deposit money on the 1st day of the month. Therefore it does not calculate 'daily interest'.
3. For best results enter AER rates. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
4. The calculation is based on compound interest and is capitalised on an annual basis.
5. The calculation does not take taxation into account.
In order to provide you with your calculation, our calculator makes a number of assumptions, so please be aware that the results are indicative only. Please see the assumptions below:
1. The calculator assumes any rate you enter is fixed, therefore if a rate was variable and was to change then the calculation would also change.
2. The calculator assumes that you deposit money on the 1st day of the month. Therefore it does not calculate 'daily interest'.
3. For best results enter AER rates. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
4. The calculation is based on compound interest and is capitalised on an annual basis.
5. The calculation does not take taxation into account.
