Savings Calculator

How much will I need to save for a major purchase?

This calculator computes how much money you will need to save monthly in order to reach a desired savings goal.

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Calculator Results

You need to save $3,849.63 each month for 5 years in order to save $250,000.00 after-tax.

Calculator tips

This calculator uses monthly compounding and monthly deposit frequency.

In this calculator, taxes are computed at the end of the savings term using the Income tax rate you entered. Income tax rates may further affect the compounded rate of return depending upon the type of savings account you have.

Calculator disclaimer

The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.

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Branches & ATM Locations
Located for your convenience.

We have banking centers, ATMs, and ITMs located throughout the area to help meet your needs.

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Oneonta
Alabama

2002 2nd Ave
Oneonta, AL 35121
205.625.4434

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Pinson
Alabama

6811 Hwy 79
Pinson, AL 35126
205.625.4434

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Snead
Alabama

87672 US Hwy 278
Snead, AL 35952
205.625.4434

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Cleveland
Alabama

18045 Hwy 160
Cleveland, AL 35049
205.625.4434

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ITM Location
The Gym

27550 St Hwy 75
Oneonta, AL 35121

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