Savings Calculator
See how regular deposits and compounding interest grow a high-interest Australian savings account over any savings goal and time horizon you choose.
Total contributed$65,000.00
Interest earned$18,434.00
Final balance$83,434.00
How this calculator works
Combines your starting balance, regular monthly contributions and annual interest rate compounded monthly to forecast your savings balance over time.
Frequently asked questions
How often is interest compounded?
Monthly, which matches most Australian high-interest savings accounts.
Is interest taxed?
Yes. Savings interest is added to your assessable income and taxed at your marginal rate.
Should I include inflation?
This tool shows nominal dollars. Subtract expected inflation from your rate for a real-terms view.
Results are estimates only and are not financial, tax, legal or credit advice.
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