Savings Calculator

Updated on 05 August, 2022

Use our online savings calculator to calculate how much compound interest and savings you can accumulate over time from an initial contribution and regular ongoing deposits.


Savings Plan & Compound Interest Calculator


Can't see the calculator?

JavaScript may be disabled on your browser. Please enable JavaScript to view the calculator.

Savings Calculator FAQs

You can calculate your savings using the InfoChoice savings calculator. Enter your savings account interest rate. Your savings account should not have fees and charges. Your savings plan should be based on your objectives and financial situation. You may like to get financial advice or see a financial counsellor who can help you with managing financial products like credit cards, home loans, other loans and can assist with product disclosure statements, financial services guides and the terms and conditions of various loans and accounts.

How much you save each month depends on your savings plan, your savings objectives, your income, expenses and lifestyle. If you currently have financial products like loans and credit cards, your savings plan will be imapcted.

Interest on savings accounts is almost always a variable interest rate based on the current RBA official interest rate or the funding requirements of the financial institution. Savings accounts usually do not have fees and charges. Term deposits are a different kind of savings account and feature a fixed interest rate and a fixed term. Interest on at-call savings accounts is either calculated daily, weekly or monthly and paid monthly. Savings accounts that calculate interest daily often pay more interest over time.

Other Calculators

Mortgage Calculator : Calculate what your mortgage repayments will be and how they would fit into your budget by using our Mortgage Calculator

Stamp Duty Calculator : Calculate what your upfront or transfer costs are when buying property by using our Stamp Duty Calculator

Borrowing Power Calculator : Calculate the maximum loan amount you can borrow based on your income and expenses by using our How much can I borrow calculator

Home Loan Comparison Calculator : Calculate your home loan repayment options based on fixed vs variable home loan rates by using our Home Loan Comparison Calculator

Mortgage Extra Repayment Calculator : Calculate how quickly extra repayments can help pay off your home loan by using our Mortgage Extra Repayment Calculator

Lump Sum Repayment Calculator : Calculate how much lump sum payments on your mortgage can help you save by using our Lump Sum Repayment Calculator

Refinance Calculator : Calculate how much switching your home loan can help you save by using our Refinance Calculator

Split Loan Calculator : Calculate the benefits of having a split loan and experiment different split loan scenarios by using our Split Loan Calculator

Principal and Interest Calculator : Calculate the benefits of making principal payments off your mortgage by using our Principal and Interest Calculator

Where Can I Borrow Calculator : Calculate your affordability based on the property location by using our Where Can I Borrow Calculator

Savings Calculator : Calculate how much interest your savings account can help you earn by using our Savings Calculator

Budget Planner : Calculate your income and expenditure targets to help you reach your savings goals by using our Budget Planner

Term Deposit Calculator : Calculate how much interest your term deposit can help you earn by using our Term Deposit Calculator

Income Tax Calculator : Calculate how much income tax you would potentially pay based on your current income and how it compares to the previous year by using our Income Tax Calculator

Credit Card Calculator : Calculate how  long it will take to pay off your credit card by using our Credit Card Calculator

Personal Loan Repayment Calculator : Calculate how much your repayments would be based on the personal loan amount you're looking to borrow by using our Personal Loan Repayment Calculator

Car Loan Calculator : Calculate how much your  car loan repayments would be based on the amount you're borrowing for your car by using our Car Loan Calculator

Business Financial Summary Calculator : Calculate your business's financial summary based on setup and running business costs by using our Business Financial Summary Calculator

Margin Lending Calculator : Calculate geared vs ungeared portfolio costs and returns by using our Margin Lending Calculator

Don't miss these hot deals

Popular Home loans

Popular Credit Cards