Use this calculator as a guide to find out how much you need to save or how long it will take, to reach your savings goal.
About this calculator
This calculator is intended as a guide only, and not intended to provide financial advice. All rates quoted are subject to change.
How the calculator works
We’ve had to make some assumptions to calculate the approximate amount you could save:
- Your resident withholding tax (RWT) and current interest rate remains the same during your savings goal period.
- In the case of Rapid Save, to qualify for bonus interest, your balance (on top of any interest paid) on the last day of the bank month must be the same or greater than at the start of the bank month. You must not make more than one withdrawal during that bank month. For the bank month that an account is opened, the opening balance is nil.