Savings Calculator
Use our calculator to work out the best way to reach your savings goals.
Savings Calculator
Saving money is a big part of planning for the future, and knowing how your savings grow is really important. Our Savings Calculator is easy to use and will show you how your savings can grow over time.
How does it work?
It shows you how much money you can save up, whether you’re saving for a holiday, a car, a house, retirement, a rainy day or just for fun. Here’s what to do:
- Use the slider to select your Monthly Saving Amount: Select how much money you want to save every month;
- Use the slider to select your Current Savings Balance: If you’ve already started saving, select that amount here;
- Use the slider to select your Saving Period: Tell us how long you plan to save;
- Use the slider to select the Interest Rate: Select the interest rate the bank will give you each year for saving with them (you can find this on our savings interest rate page).
After you set these details, our calculator will show you how much money you could have at the end of your saving time. It adds up all your savings plus the extra you would earn from the interest.
Start planning now for exciting times ahead.
Important note
The amounts our calculator gives you are just estimates. They depend on the interest rate and how much you save each month, plus any money you already saved. Remember, interest rates can change. So, your actual savings might be different.
Think of this tool as a helpful guide for planning how to save. It’s not going to give you exact numbers. It's a good idea to check your savings regularly and make sure you’re on the right path to reach your goals.
