Savings Account Interest Calculator
Use this FREE savings account interest calculator to find out what your investment will be worth. In the calculator below, fill out: - Any initial deposit amount.
- Any regular deposit amount.
- The number of regular deposits per year.
- Interest rates. Since we really do not know what interest rate will be achieved, there is a spot for three different guesses at interest rate. You can fill out all three and compare your savings results.
The calculator will give you a detailed savings schedule (including the compound interest) with an end of year balance for up to 50 years. A couple of notes about the calculator: - This is a simple savings calculator. If you are looking for a calculator for a SIMPLE IRA retirement plan go here.
- The maximum savings period is set at 50 years.
- If you happen to find any errors please let me know.
- If you have an idea of another similar calculator or you would like to see this one capable of something else, please let me know.
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