Savings Plan allows the user to estimate how much money can be saved over a period of time. Enter your beginning balance, interest rate, monthly contribution (if applicable), length of investment and select how often interest is compounded.
The use of savings plan does not replace the need to consult a financial adviser. When interest is deposited and how the balance is determined when calculating interest varies between financial institutions.
A free, iAd supported version of the application is available. Enter Savings Plan Lite in the search box.