Savings Plan Calculator
Saving for a particular event? Our savings calculator can help you work out how to get there faster.
Simply enter your starting amount, ongoing contributions (with frequency) and the interest rate you’ll earn. How much sooner could you reach your goal by saving just a little more?
Please note: The calculations do not take into account all fees and charges. The results provided by this calculator are an estimate only, and should not be relied on for the purpose of making a decision in relation to a savings plan. Interest rates and other costs may change over time, affecting the total return from the product. Consider whether you need financial advice from a qualified adviser.
What is a savings account?
A savings account is – as the name suggests – a bank account into which you deposit money to accrue interest and build your savings.
Savings accounts are popular and useful for just about anyone who’s trying to save towards a goal. Some investors, such as those with a self-managed super fund, use a savings account as part of their investment portfolio to guarantee receiving some kind of return on their money.