- Initial Amount – This is the initial amount of money you would like to deposit in your savings account
- Regular Deposit – This is the recurring amount of money you can deposit in your savings account at a regular frequency (weekly, fortnightly or monthly)
- Deposit Frequency – This is the frequency of deposit (related to Regular deposit above)
- Interest Rate – This is the interest rate you receive on your savings
- Savings Term – Time period for which you would like to save (in years)
- Total Amount – Total projected savings (including principal, interest and regular deposits)
- Total Amount Invested – Including principal and regular deposits
- Total Interest Earned – Interest earned over the entire life of the savings
Disclaimer: Terms, conditions, fees and charges apply. Calculators are only as good as the information you put in them. If this is incomplete or inaccurate, the result will not be reliable. It’s always a good idea to obtain advice before making financial decisions.
Comparison rate example: Based on an unsecured $30,000 loan with an interest rate of 13.95% over a 5 year term, the comparison rate will be 15.39%. Warning: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Savings – How long to save
Time frame to reach a saving goal.
Savings – How Much To Deposit
How to reach your savings goal.
How compounding affects your savings.