Savings interest App?

smithbill17

Can anyone recommend an App (preferably Android, but otherwise MS Windows) that works 'offline' & will allow me to:

1  create an 'account'
2  give the account a name (eg. ParagonFixed)
3. an interest rate (eg. 4%)
4. a period (eg. 12 months)
5. an opening date (eg. 6-Apr-2022)
6. paid monthly or annually

and it will show me the monthly interest credits, ideally on monthly dates starting from when it was opened.

AND (this is the crucial bit!) will then allow me to create several more 'accounts' with the above details?

Basically, I have several Fixed Rate Bond accounts with different providers & I want a simple 'interest' tracker that will give me an estimate of credit interest received in each month.

I've tried a spreadsheet & okay it works, but it's not entirely flexible or convenient to use 

Stargunner

I very much doubt such an app would exist 

smithbill17

I've tried "Savings Calculator" from TSoftOne (available in Google PlayStore but I can't currently post a link to it).

It's a simple App that comes close to what I want - it can create several accounts with an interest rate & period, but it's focussed on 'savings goals', has no account opening date & you can only view one account at a time.

I've tried all the usual MoneyDashboard, Yolt, etc etc but they just don't cope with the simple requirements above.

Johnjdc

It wouldn't be that difficult to write something similar for yourself in MS Excel I think, if you're happy to do a few hours' learning (or a couple of days if you're starting from zero knowledge).

I just did this in five minutes although it's basic - assumes all payments are on the first of the month and I haven't done the fiddling necessary to account for compound interest. That's all fixable though.

Johnjdc

Or is that where you got to with trying a spreadsheet already?

cwep2

I have put together a few spreadsheets to do pretty much exactly this for myself.
Happy to share/send to you (DM or whatever on here prob most secure if that works). Have on Excel or Google sheets - the latter probably easiest for an android phone.
Basically each tab is a new account, can name the tab to be bank/account name, a few details at the top and monthly/annual interest and it gives you the amounts. For a new account, just duplicate a sheet to create new one, rename, change the dates/amounts/interest rate and Bob's your uncle.

smithbill17

Thanks for the input guys - much appreciated.

@Johnjdc - your spreadsheet is quite similar to one I've been using for a while. It's been useful, but I find it gets 'out of date' because it's troublesome rummaging around it on my phone tweaking numbers, dates & charts.

@cwep2 - your spreadsheet with different Tabs per account may be useful to look over. I'll DM you.

I have found a few Android apps in PlayStore that come close to my requirements, but are rather 'unfinished'. I've tried:

1. Money & FD Manager / Tracker (Jolly Good Life)
The graph of 'net worth' doesn't seem to work, but it does allow creating accounts with dates & interest rates. It's reasonably presentable.

2. Deposit Manager (Auroom Net)
Can create accounts with interest & dates, but fonts are rather tiny on my phone.

3. Fixed Deposit Calculator (Nilesh Harde)
Bit rudimentary presentation.

The best one seems to be "Money & FD Manager" but it's annoying me that the chart doesn't seem to work.