First Bank of Charleston First Bank of Charleston First Bank of Charleston
First Bank of Charleston First Bank of Charleston First Bank of Charleston
First Bank of Charleston   First Bank of Charleston
Tax Advantage Savings Calculator
 
Total Amount Needed: $   Example: 100.00
Needed in:   months   Example: 36.0
Rate of Return You Expect:   %   Example: .05 = 5%
*Tax Bracket:   %   Example: .25 = 25%
 
   *If funds are contributed to an IRA or other tax-free account, enter 0.0
 
   

You can save $1.00 in 1 months by saving $0.01 per month at 1.0% interest.

$0.01   Total Contributions
$0.99   Total Interest
________  
$1.00   Account Balance after 36 months
 
In addition to the monthly contributions, you will have to pay income tax of approximately $0.99 on the interest.

This calculator is provided to give you an estimate of the future value of a savings program. It is not guaranteed to provide the exact results that you may see with a particular savings or deposit account or plan, nor is it guaranteed to provide an accurate yield as required by truth-in-savings regulations. Results obtained with this calculator should be discussed with a qualified professional before any product purchases or investments are made.
 
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