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Total amount at end of term
Total amount invested
Total interest earned
Saving Balance Chart
This calculator calculates the total accumulation in a savings account with a regular deposit arrangement.
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.