Here’s a simple easy to use savings calculator you can use to calculate how much you’ll have at your retirement or how much you need to put away each month/year for your child’s college savings fund.
Just enter in your monthly or yearly contributions into the savings account. Next select the number of months or years that you’re going to be saving for. Finally enter in your interest rate into the final box. Then hit the button and you’ll get the amount you will have saved for your retirement or college fund or whatever. Enjoy!
Category: Savings Rates
If you’re unsure how much interest you’ll earn on your savings, this easy-to-use calculator can help.All you need to do is input the amount you are looking to save; over what time period and the rate of interest you’ll receive. The calculator will then show you how much interest you’ll earn depending on your tax band – remember, you pay income tax on savings interest (with the exception of money held in a cash ISA as ISAs are tax-free).