complicated savings calculator

qwer1

Hi,

I have a savings account in my bank for the period of 5 years. I was wandering if anyone knew a free tool with which I can calculate the amount of interest accumulated after those 5 years, but bear in mind a fact that payments to that account will be irregular, and in different amounts. That means that I will put random amounts of money on any given day (probably through the period of 5 years there will be around 10 payments), so some type of calendar is probably needed.

Typical online calculators which offer only one amount for daily, monthly, yearly and other regular recurring periods are just not working for me.

Thank you!

ViolaLass

Use the calculators to work it out for each individual deposit and add together.

Archi_Bald

make a spreadsheet

redux

The annual statements will keep track of things anyway.

qwer1

Spreadsheet? Hmmmmmm...some explanation maybe how to do it?

There are no annual statements in my case.

[Deleted User]

Hi,

no annual statement?

You should get a tax certificate each year, telling you gross, tax deducted and net.

ColdIron

qwer1 wrote: »

There are no annual statements in my case.

Why not? How does your bank inform you of tax deducted? A section 975 certificate is a legal obligation AFAIK

B_G_B

qwer1 wrote: »

Spreadsheet? Hmmmmmm...some explanation maybe how to do it?

You could start here.
https://www.google.co.uk/#tbm=vid&q=spreadsheet+interest+calculations

qwer1

Ohh...forgot to tell you, I am from Europe, so laws are different probably.

qwer1

as far as spreadsheet, thanks for the info, but its complicated to me...odd that no such calculator exists on the net...so many other things you can find. thanks for the help.

ceredigion

So you are going to invest random amounts, on dates yet to be determined and want to know the total return. You need a crystal ball not a calculator.