📅 Savings Calculator

Savings Calculator

Enter your monthly deposit and interest rate to calculate maturity interest and total payout. Supports simple/compound interest and taxable/non-taxable options.

Frequently Asked Questions

Why is my savings account interest lower than I expected?

Each monthly deposit only earns interest for the time remaining until maturity — the first deposit earns a full term of interest, but the last deposit only earns one month's worth. This makes the total interest noticeably less than principal × rate.