Bankrate.com calculator -- Saving for the future

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RATE UPDATE:

Fed cuts rates. Lock in CD yields before they move lower. Find the best rates nationally and locally.

Saving for a goal calculator

This calculator will compute how much you have to save to reach your goal and create an individualized chart showing how much you need to save every month. We've also attached a Microsoft Excel spreadsheet so you can keep track of your progress.

How do I earn the most money?
Compare rates locally and nationally, then return to our investment calculator.

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Savings calculator

How much do you want to save?	$
How many years do you have in which to save it?
What interest rate do you expect to earn on your savings?		%, with daily or monthly compounding.
* To earn the most money, compare interest rates locally and nationally.
How much money can you spare for your first deposit or investment?	$
Do you wish to skip savings two weeks each year?		Yes No
When do you wish to make your first deposit?


................................................
Monthly deposit required	$
To make that monthly deposit, you should be setting aside:	$	daily or
To make that monthly deposit, you should be setting aside:	$	weekly.

		RESOURCES
		Financial Literacy: Improve credit score
		CDs and Investing Basics
		Guide to savings: the next big thing

		TOOLS
		Compare local and national rates
		CD rate trend index
		Interest rate roundup

CDs and Investments

Compare today's rates

NATIONAL OVERNIGHT AVERAGES

1 yr CD	4.10%
2 yr CD	4.20%
5 yr CD	4.69%

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