Model a real savings account or investment plan: opening balance, recurring contributions, one-off deposits or withdrawals, compound interest at your chosen cadence, optional withholding tax. Plus a goal tracker that tells you the date you hit your target.
01 — What you create
Run a real savings model — opening balance, recurring contributions, one-off events, compound interest, withholding tax, and a goal target. The output shows every month from now to the finish line.
SAVINGS INTEREST REPORT
Savings Interest Report — 2026
Marcus Vance · Goal-based savings · 7.0% p.a. quarterly
OPENING
INR 2,50,000
IN
INR 9,80,000
INTEREST
INR 2,87,420
FINAL
INR 15,72,420
GOAL TRACKER
ACHIEVED · Apr 2031 (month 59)
YEARLY
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02 — How it works
Most savings calculators give you a single maturity number. This tool shows the path month by month — every contribution, every interest credit, every withdrawal, and the running balance — so you can plan around real life events, not idealised growth.
Opening balance, annual rate, compounding cadence (daily through annual). Pick the account type — savings, FD, ISA, SIP, goal fund.
Recurring contributions (monthly/quarterly/annual SIP-style) plus one-off deposits and withdrawals on specific dates.
PDF: summary cards, account parameters, goal block, yearly summary, monthly schedule. XLSX: Summary, Schedule, Yearly, Cash flows.
03 — Goal-first savings
Annual, semi-annual, quarterly, monthly, or daily compounding. The monthly schedule converts your compound cadence into a monthly accrual that matches what banks actually credit.
Monthly, quarterly, annual SIP-style contributions. Plus one-off deposits and withdrawals on specific dates — model bonuses, tax payments, emergencies.
Set a target amount. The tool tells you whether you hit it, the exact month you cross the line, and the shortfall if you don't.
Optional withholding tax (TDS for India, withholding for US/UK savings). Shown gross and net per row plus rolled up to the totals.
Savings, FD/CD, RD, ISA / tax-advantaged, SIP, emergency fund, goal fund, other. Mainly cosmetic — drives PDF labelling — but useful for organising multiple reports.
PDF: summary cards + parameters + goal block + cash-flow list + yearly summary + monthly schedule with first 60 months. XLSX: Summary, Schedule, Yearly, Cash flows.
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04 — Common questions
Interest Calculation Sheet is pure mathematics — principal × rate × time for simple/compound/reducing balance, no contributions. This Savings Interest Report adds recurring contributions, one-off cash flows, withholding tax, and a goal tracker — the way real savings products actually work.
Almost always within a few currency units. Differences come from how banks handle leap years, day-count conventions (actual/365 vs actual/360 vs 30/360), and rounding at each step. This tool uses 365-day year and standard rounding at each period — same as most retail bank calculators within ~0.1%.
Applies a withholding-tax percentage to every interest credit before adding it to the balance. India TDS on FDs is 10% (or 20% without PAN); US savings interest is taxed at marginal rate (but no automatic withholding); UK savings up to the personal savings allowance are tax-free. Use this field to model the net interest you actually see.
Yes — use the one-off cash-flow events list. The recurring contribution handles the regular cadence (monthly/quarterly/annual); the cash-flow events list handles bonuses, tax-time withdrawals, year-end top-ups, and any other irregular money in or out.
It compares your final balance (and the per-month closing balances) to a target amount and tells you (a) if you hit the target, (b) the exact month you crossed it, and (c) the shortfall if you didn't. Useful for emergency funds, down-payments, education funds, anything with a number.
PDF (summary cards, parameters, goal block, cash-flow list, yearly summary, monthly schedule with the first 60 months, totals row, notes — auto-paginated) and XLSX (4 sheets: Summary, Schedule, Yearly, Cash flows). All numeric — paste straight into a model.