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🐖 Regular Savings Calculator

Calculate how your regular deposits grow over time — also known as Recurring Deposit (RD) in India

💼 Savings Details
Monthly Deposit ?$500
$50$2.5K$5K
$
Typical rates: US 4–5% · UK 3–4% · EU 2–3% · India 6.5–7.5% · Brazil 10–12%
Duration ?24 Months
6M5Y10Y
📈 Results
Maturity Amount
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Total Invested
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Interest Earned
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Investment vs Returns
Savings Growth
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Enter Your Savings Details

Set your deposit amount, interest rate, and tenure to calculate the maturity value.

How It Works

How Regular Savings Are Calculated

Compounding frequency varies by bank and country — select your bank's method above

Future Value of Regular Savings (Annuity Formula)
M = P × q × (qN − 1) / (q − 1)

where q = (1 + r/c)c/f  —  growth factor per deposit period

P = deposit per period  |  N = total deposits  |  r = annual rate (decimal)
c = compounding frequency/year  |  f = deposit frequency/year
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Build a Consistent Savings Habit

Regular automated deposits remove the temptation to skip saving. Whether it's a weekly standing order or a monthly auto-transfer, consistency beats timing. Small amounts compounded over years grow substantially.

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Regular Savings vs Other Options

Regular savings (called RD in India, standing order savings in the UK, or automatic savings plan in the US) offer predictable, guaranteed returns — ideal for short-term goals. Lump-sum deposits suit windfalls. Market-linked plans offer higher potential returns but carry volatility.

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Universal Savings Tips

  • Automate transfers so you pay yourself first
  • Compare rates across banks — online banks often offer higher yields
  • More frequent deposits (weekly vs monthly) slightly improve returns
  • Interest earned is usually taxable — check your local tax rules
FAQ

Frequently Asked Questions

Common questions about regular savings plans

What is a regular savings plan?
A regular savings plan lets you deposit a fixed amount at set intervals into an account that earns guaranteed interest. The interest compounds over time, so you earn interest on your interest. It's called a Recurring Deposit (RD) in India, a standing order savings plan in the UK, or an automatic savings plan in the US and Canada. Minimum tenure and available rates vary by bank and country.
Can I withdraw my savings before the term ends?
Most banks allow early withdrawal, but terms vary widely. Flexible savings accounts (common in the US and UK) have no lock-in period. Fixed-tenure plans (like Indian RDs or bank CDs) typically charge a penalty — either a reduced interest rate applied to the period held, or a flat fee. Check your bank's specific product terms before committing.
Is savings interest taxable?
Yes, in most countries interest earned on savings is treated as ordinary income. In the US, banks report interest on Form 1099-INT and it's taxed at your marginal rate. In the UK, most savers have a Personal Savings Allowance (£500 for higher-rate taxpayers, £1,000 for basic-rate). In India, TDS may apply if total interest exceeds ₹40,000/year. Always consult a local tax advisor for your specific situation.
What if I miss a scheduled deposit?
This depends on your bank and product type. Flexible savings accounts simply skip that period with no penalty. Fixed-tenure plans may charge a small fee per missed installment and some offer a grace period of a few days. If multiple installments are missed, some banks may close the plan early at a reduced rate. Contact your bank to understand the exact terms before opening an account.

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