This calculator calculates the total accumulation in a savings account with a regular deposit arrangement.

Assumptions

It does not take into account any possible monthly account fees.

Interest rate does not change over the saving term.

Interest is calculated by compounding on the same deposit frequency selected, i.e. weekly, fortnightly, monthly. In practice, interest compounding frequency may not be the same as deposit frequency.

It is assumed that a year consists 26 fortnights or 52 weeks which is counted as 364 days rather than 365 or 366 days.

No rounding is done throughout calculation whereas account balance is rounded to at least the nearer cent in practice.

Note: The information provided by the calculator is intended to provide illustrative examples based on stated assumptions and your inputs. Calculations are meant as estimates only.