Savings Interest Calculator Excel Template
Spreadsheet to calculate interest and return from your savings. Printable repayment schedule with flexible term options. Full print ready. All in Excel.
One of the safest methods to protect your money against inflation is a savings account in your bank. So, we have designed a Savings Interest Calculator Excel template for you to calculate the possible returns from your accounts.
Main Features of the Template:
Basically, the template has two sections in a simple framework:
In particular, savings Interest Calculator is a tool used to identify the bank’s interest payments to your account on your savings account. So, once you input your data in terms of the Deposit amount, Interest Rate, Deposit date, Interest Calculation frequency, Duration and Interest type (whether simple or compounded interest) the template creates a schedule.
Thus, you can see your future transactions on the spreadsheet.
Once you create the schedule, it is easy to observe your interests and your accumulated deposit. Furthermore, if the schedule does not result in what you need you may simulate other scenarios to see if they are feasible or not.
Finally, the input parts have been clarified with white cells and the gray cells are for the automatic calculations that give you results. So, just put your financial data and find let the template help you to find the best option which will suit you.
Savings Calculator Excel Template Features Summary:
- Monthly, Quarterly, Semi-Annually, Annually payment options
- Compound and Simple Interest Type
- Easy to fill
- Full Print Ready
- Informational notes included
- No installation needed. Ready to use.
- Works both on Mac and Windows
- Compatible with Excel 2007 and later versions