Accesscu Savings Calculator

How to Use the Savings Calculator

Open the calculator in the app or on accesscu-cmo.com, enter your monthly contribution and term, choose a rate tier, and read your projected balance and interest.

The calculator mirrors the published tiers on rates.html, so you can test a balance below €2,500 (1.0% AER), between €2,501 and €10,000 (1.5% AER) and above €10,000 (2.5% AER) to see what each tier returns.

All projections are estimates, not offers. Accesscu reviews rates monthly and publishes any change before it takes effect.

1. Open the calculator

   Find Savings Calculator under Tools in the app, or open it from the rates page on accesscu-cmo.com.

2. Choose the rate scenario

   Start with your current balance tier, then re-run the same inputs at 2.5% AER to see the upside of a bigger balance.

3. Enter your monthly amount

   Type the sum you can realistically save each month — the slider runs from €10 up to €5,000.

4. Set the term

   Pick a horizon from 1 to 30 years; the projection shows a balance at the end of every year.

5. Read the result

   Compare projected balance, total contributions and interest earned, then save the projection screenshot or set it as a pot target.

Worked Example: €200 a Month at 2.5% AER

Saving €200 a month at 2.5% AER with monthly compounding leaves you with €12,845 after five years, of which €845 is interest earned, as the table below shows.

In this worked example you deposit €2,400 a year — €12,000 in total over the five years. Interest earned grows year on year because the balance grows and because it crosses the two tier thresholds.

In year four the balance passes €10,000, so the final year's interest is earned at the top 2.5% AER tier across the eligible balance, which explains the steep jump between year four and year five.

Re-run the same example at 1.5% AER for the whole five-year span: the balance would be roughly €12,540, so tier placement is worth around €305 over this term.

Tier Juggling: Making the Rate Tiers Work Harder

Tier juggling means keeping each euro in the tier that pays best: balances above €10,000 earn 2.5% AER, and funds you will not need rest in a term deposit at 3.1% AER.

Accesscu's savings tiers are 1.0% AER up to €2,500, 1.5% AER from €2,501 to €10,000, and 2.5% AER above €10,000. A single euro left below a threshold costs you real money every month.

The table below shows the monthly interest on each €1,000 at every tier, so you can see what a misplaced euro is worth.

• Keep day-to-day spending in checking (€0 monthly fee) rather than letting it sit below the savings thresholds.
• Consolidate savings in one account: crossing €10,000 pushes the whole eligible balance onto the top tier.
• Move funds you will not touch for 12 months into a term deposit at 3.1% AER (12-month fixed).
• Review tiers each quarter — moving a €10,000 balance from the 1.5% tier carries roughly €100 more a year.

How Compounding Works

Compounding means each month's interest is added to your balance, and from then on the interest itself earns interest — which is why later years grow faster than earlier ones.

Accesscu compounds savings interest monthly. What matters is how often the interest is credited: the more frequent the compounding, the more interest on interest you collect over a year.

On €10,000 at 2.5% AER, the difference between annual, monthly and daily compounding is small in one year but grows with the balance and the term.

Beyond the Calculator: Where the Rates Come From

Projections use the published AER tiers on the rates page, which Accesscu reviews monthly; the tier structure itself has been stable since 2021.

The published rate card lives on <a href="rates.html">the rates page</a> and in the app's Rate card screen, updated on the first business day of each month. Term deposits carry their own fixed rates, currently 3.1% AER for a 12-month term.

If you want help modelling a specific plan, members can call +353 1 555 0123 and speak to a savings specialist who will run the numbers with you.