The idea to create my own Savings Interest Calculator came to me quite a while ago. I have started my research to see what was out there on the internet and found a very few calculators, which really caught my attention. One of the best, by far, among all other templates on which I would like to stop, is the Savings Calculator created by Dr. Jon Wittwer (Vertex42.com).
The approach to savings and investments in general that was introduced by Dr. Wittwer in his savings calculator was almost an exact reflection of what I've had in mind, when I did my research.
All through, the savings calculator spreadsheet was working in the way it should, I have noticed very few details, which in my opinion this calculator needed to have, were not included, like for example Income Tax Deductions or the frequency of the contributions and compounded interest to be calculated independently or for example calculations of the amounts withdrawn from the savings account.
To add all this I have decided to create my own calculator from scratch with using ideas that Dr. Wittwer have already introduced to all in his spreadsheet.
The purpose of my Savings Interest Calculator is same, as any other template of its kind to estimate the future value of your savings or investments, but with little more detailed structure.
This savings interest calculator is packed with features that can help you to find an answer to most of your "What if...?" questions.
Preview Savings Interest Calculator on DocStoc
Savings Interest Calculator for Excel
Unlike many other savings calculators, this spreadsheet is designed to allow you to make calculations of the compounded interest frequency, independently from frequency of your scheduled deposits.
One of the great features is an Income Tax Calculator function, which is when enabled can estimate annual income tax on the earned interest.
One of the best features of this savings calculator is an option to pick in between fixed and variable interest rates, which allows to create close to real live market fluctuations and see the way it affect the annual interest rates and your investments
Read our Limitation of Use Policy that is applicable to our Savings Interest Calculator.
We have also released Savings Interest Calculator that works with OpenOffice Calc, but with little less graphical functionalities.
>> Download Now
Version: SIC EX 1.0
File Type: .xlsx
Size: ~59.0 KB
>> Download Now
Version: SIC-97 1.0
File Type: .xls
Size: ~152.0 KB
97, 2003(XP), 2007
Free for personal use
License: View EULA
Via Contact Us form.
I would like to thank Dr. Jon Wittwer, for introducing me to this approach to the savings and investments.
You can download the original Savings Calculator that Vertex42.com provides for free.
Disclaimer: This template and any information on this page is for educational purposes only. We do not guarantee the results. Use this template at your own risk. You should seek the advice of qualified professionals regarding your savings and investment plan before making any financial decisions.
Other Savings Calculator Resources
Annuity Estimator by Spreadsheet123.com - Calculates annual payments on the balance for a number of years with interest and inflation, great when estimating amount
that you need to save for retirement.
Retirement Savings Calculator by Spreadsheet123.com - Estimates an amount of interest earned over a period of time on your savings plan.
401k Savings Calculator by Spreadsheet123.com - that is designed to calculate an amount that you can save for you retirement by making contributions from your salary.
Pension Contributions Calculator by Guardian.co.uk
Savings Interest Rates at bankrate.com - Check and compare interest rates for CDs and Savings.
Time Value of Money by Wikipedia.org - theory and formulas for calculations of present and future value of savings, cash flows, annuities.
CDs & Investment calculators by bankrate.com
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