When comparing different savings products it can be very tricky to work out which one is the best. The savings calculator below can help you compare different savings products. When comparing savings accounts remember to look at charges too. The product may offer better interest rates but have large charges; these charges will eat into your earnings. A savings calculator does not look at charges. Penalties can sometimes be charged for exiting a savings product early. Make sure that you check the term on the product and know if there are any penalties before you sign the contract. Most savings products work on compounded interest and this savings calculator can help you compare products with different compounding intervals. Please remember that the calculations are only estimates. Seek professional advice when comparing interest earning savings products. This is a discussion site and not financial advice.
Variable Compounding & Deposit Savings Calculator
About Laura Bulcao
Having one grandfather a mad fighter pilot and an ex...Read more...