FinAid provides several interactive calculators you can use to set your savings goals and consider the financial impact of a variety of savings options.

• The Savings Growth Projector illustrates how regular contributions to an interest-bearing bank account or investment fund can grow due to compound interest.

• The Savings Plan Designer shows you how much money you must save in an interest-bearing bank account or investment fund each month in order to reach your savings goals. It is a useful tool for deciding how much to save.

• The Annual Yield Calculator computes the annual yield required to achieve a given total return over a specified number of years.

• The Compound Interest Calculator computes the effective interest rate for an investment compounded at different intervals. It illustrates the effects of compounding on the effective interest rate.

• The Savings Plan Yield Calculator computes the annual interest rate required to reach your savings goal given the present value of your savings, the value of your regular contributions, and the amount of time available.