Interest on Savings

Want to watch your money grow in a savings account? Enter how much you put in, the interest rate the bank is offering you and the calculator will work out how much your money will be worth in the future.

Initial Amount Invested: R
Monthly Deposit: R
Interest Rate: %
Term in Years:  
Total Amount Invested: R
Interest Received: R
Total Savings at End of Term: R

Please Note:
Calculations are based on twelve equal payments per year, compounded monthly over the period entered. These payments are also assumed to be made on the first day of each month. The calculation does not take into account any fees or taxation. The final amounts calculated are projections only, and are not guaranteed returns. The value of an investment may rise or fall, and rates of return will not be constant.