Got something in mind you’re saving for and wondering how long it will take to reach your goal? Our savings calculator can help run the sums for you, so you can find out how much you’ll have to save on a regular basis to reach your savings goal. It can also calculate how choosing a savings account that pays interest on the balance of your account could help give your savings a boost.
An online budget planner can take the hard work out of doing the sums on what you’ve got coming in and what’s going out.
Some savings accounts offer short term introductory interest while others reward regular saving with ongoing bonus interest. If you’ve already got a lump sum saved up, you could also consider a term deposit with a fixed interest rate.
This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it.
This calculator model contains a number of assumptions and they are set out in the i button. Please click it for more details. The assumptions may not reflect the ways in which our Bank's computer systems work. The calculator is generic and does not take into account your personal circumstances. It is intended for use by you as a guide only, and not intended to be relied on for the purposes of making a decision in relation to a financial product. Should you apply for any Bank of Melbourne product, we will make our own calculations and we will not necessarily take the results of your calculations using this Calculator into account. You should obtain professional financial advice before making any financial decision.