Savings Calculator

You can compute the total earned by making an initial deposit (select Single Deposit) and specifying the interest rate, the number of years, and the frequency of compounding offered (annually, quarterly, monthly, weekly, or daily). After entering all the information, press Calculate. The final savings balance is displayed, with the total interest earned. Both the balance and interest are shown on a graph. To see the balance at any time during the savings period, click on the graph for that time.

You can also see what happens when deposits are made regularly (select Regular Deposits). Specify the same information as above but add the frequency of deposits. Again the final savings balance is displayed, with the total interest earned. Both balance and interest are shown on a graph. To see the balance at any time during the savings period, click on the graph.