Investing in a savings app can be a great way to save money in the long run, especially if you're looking for a safe and easily accessible investment option. However, to know how much money you can earn over time in a savings application, it is important to have a clear idea of the earning potential it offers. For this we created the Savings Calculator.
With our savings calculator, you can easily calculate your income over the years. All you have to do is enter the initial amount you want to invest, the annual interest rate and the time in years you intend to let your money earn.
What is a savings calculator?
A savings calculator is a tool that helps you determine how much money you can save over time, based on an interest rate and initial amount.
In other words, it allows you to calculate the final amount you will have after a certain period of time, based on the amount you initially invested and the interest rate offered by the financial institution.
How to use a savings calculator
Using a savings calculator is simple and easy. All you have to do is enter the initial amount you want to invest, the annual interest rate and the time in years you intend to let your money earn.
- Initial value: This is the amount you want to initially invest in your savings account. Enter the amount in Reais (R$).
- Annual Interest Rate: This is the interest rate that will be applied to your money. The annual interest rate is expressed as a percentage (%).
- Time in Years: This is the length of time you intend to keep the money invested in your savings account. Enter time in years.
As soon as you fill in the necessary information and click on “Calculate”, the calculator will show the final amount you will have at the end of the chosen period.
Why Savings is a Safe Investment Option
Savings is a safe option for investments because it is guaranteed by the Credit Guarantee Fund (FGC), which protects investors in the event of bankruptcy or intervention by a financial institution.
Plus, savings have a fixed interest rate and are tax-free, which means you can keep more of your money working for you.