Investing your money into a savings account is an effective strategy. This calculator is designed to help you achieve your savings goal faster. See how fast your savings can grow with regular deposits.
| Total deposits | $5,000 |
|---|---|
| Total Interest Earned | $12 |
| Final balance | $5,012 |
You can get more info and a detailed interest schedule for each account. Click on the account name to see more detail.
We've found a range of savings accounts that match your criteria:
| Company | Product | Base Rate | Maximum Rate | Maximum Interest Earned | Go To Site |
|---|---|---|---|---|---|
 | PromotedSavings Maximiser | 1.50% No end date Base Rate | 2.80% No end date Maximum Rate | $11.67 Comparison Rate | Go to Site |
 | Saver Account | 2.10% 4 months Base Rate | 2.55% 4 months Maximum Rate | $10.63 Comparison Rate | Go to Site |
 | High Interest Savings Account | 1.90% 4 months Base Rate | 3.05% 4 months Maximum Rate | $12.71 Comparison Rate | Go to Site |
 | Online Savings Account | 1.30% No end date Base Rate | 2.95% No end date Maximum Rate | $12.29 Comparison Rate | Go to Site |
 | Maxi Saver | 1.00% 3 months Base Rate | 3.00% 3 months Maximum Rate | $12.50 Comparison Rate | Go to Site |
 | Maxi Saver | 1.00% 3 months Base Rate | 3.00% 3 months Maximum Rate | $12.50 Comparison Rate | Go to Site |
If you’re planning to save for a holiday, car or even a deposit for your first home our easy-to-use Savings Calculator will help you to work out how much you need to put away to reach your goals.
Use our savings calculator to calculate the interest earned on your deposits, the time it takes to reach your target as well as the amount of tax you’ll have to pay on your interest earnings.
Here are some points to consider to set up a practical savings goal:
• Additional deposits – If you have a regular income having this automatically deposited into your savings account can help to grow your interest. Most accounts have this as a standard feature and there are generally no additional fees involved.
• Savings frequency – If you’re struggling to save, making small regular deposits into your account can be a great way to start. Our savings account calculator allows you to choose the frequency of your deposit (weekly, fortnightly or monthly) as well as the deposit amount. Start with monthly investments or see how you can increase the frequency of your deposits to earn extra interest.
Get some fast answers today with RateCity’s Savings Account Calculator.
RateCity's Savings Accounts Guide provides you with hints and information to help you with your decision when comparing and choosing a savings account. Whether you have a savings goal that you want to reach or if you want to earn more interest than you are currently, we provide the most up-to-date information to help you get there. RateCity will show you how to choose the best savings account to suit your needs and assist you in reaching your goals. Making money has never been so easy!
