Savings Calculator
What do you want to calculate?
Opening Balance
Savings Term
Interest Rate
Monthly Contribution
Closing Balance
Opening balance
Enter the opening balance for your savings account.
Do not use commas.
E.g. 5000 not 5,000
Savings term
months
Enter how long you wish to save for, in months.
E.g. for a 3 year savings plan enter 36.
Interest rate
% per year
Enter the interest rate for the savings plan.
You do not need to enter the % sign.
E.g. 2 not 2%.
Monthly contribution
Enter how much you can contribute each month to your savings plan.
Do not use commas.
Closing balance
Enter the opening balance for your savings account.
Do not use commas.
Deduct Tax?
Yes
No
Tax (39%) is deducted automatically from NZ interest earned. Select
Yes
to show Tax being deducted.
To see the monthly balance and interest earned, click the
Calculate Savings Details
button below.
Savings Summary
Total Monthly Contributions:
0.00
Closing Balance After 0 Months:
0.00
Total Interest Earned:
0.00
Maturity Date:
Savings Schedule
Month
Date
Interest
Balance
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