Simple Savings Interest Calculators
Use these savings interest calculators to work out the interest on your savings. The first form calculates the interest on a lump savings amount. The second savings calculator allows you to add a regular amount as a monthly deposit. You can choose whether to compound the interest monthly or yearly. After clicking the 'calculate' button, the system displays the calculation results on a year-by-year basis.
Disclaimer
Whilst every effort has been made in building the savings interest calculator tool, I am not to be held liable for any special, incidental, indirect or consequential damages or monetary losses of any kind arising out of or in connection with the use of the calculator tools and information derived from the web site. This savings interest calculator is here purely as a service to you, please use it at your own risk.
The calculations given by the savings interest calculator are only a guide. Please speak to an independent financial advisor for professional guidance.
Please see the full disclaimer for more information.
Savings - choosing when interest is paid
This simple savings interest calculator allows you two options for calculating interest. With some savings accounts, interest can be calculated and paid in at the beginning of the following month or year. However, to give you an idea of the amount you will have earned from your money in that set period, you may wish to leave it calculating and adding interest at the end of the same month or year (end of month/year option). This appears to be the most common method of calculation with other online savings interest calculators.
