Interest on savings calculator

kev2009

Hi all,

Is anyone away of a interest rate calculator for savings? As the interest rate keeps going up, hard to tell what interest I will make from my accounts and if I'll be under the 1k interest limit or if I'll have to pay tax.

Unfortunately not all my accounts advised me when the new interest rates would apply so I'm unsure when the rates changed.

Thanks

Kev

dlevene

Seconded - a calculator where you can input interest rate changes, as well as include any additional deposits and withdrawals, would be great!

t1redmonkey

I use this one, quite a lot of things you can change to customise it depending on what you are trying to calculate:

https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Rich1976

There is one on this site in the savings section. A general savings one, an Isa one and also for Regular Savings 

dlevene

Neither the calculatorsite one or the ones on this site allow you to input ad-hoc deposits or withdrawals, or change interest rates during the term of the account, unless I'm reading them wrong.

Barkin

Sounds like Excel's probably your best bet. 

Rich1976

dlevene said:

Neither the calculatorsite one or the ones on this site allow you to input ad-hoc deposits or withdrawals, or change interest rates during the term of the account, unless I'm reading them wrong.

I’m not sure there is such a thing that can do that. It would be helpful admittedly but all the calculators I’ve seen just assume it’s going to be regular deposits or a lump sum at the beginning .
a spreadsheet could do it I assume but wouldn’t have a clue how to set it up to do this.

dlevene

So I spent a couple of hours last night working on a spreadsheet that can do this, and an hour this morning on the phone with a coder friend about an online version. Happy to share more if people are interested!

kev2009

I'm certainly interested

Kev

northAthenian

@dlevene yes please , if you are able to share? ( i still view excel as wizardry, so that wil give away my tech abilities!!)

jaceyboy

Very interested too