SSalsbury.uk

Savings calculator

Put in what you have now, what you'll add each month and the interest rate, and see how it grows: how much is your own money and how much is interest.

Your savings

AER is the yearly rate including interest on interest, which is how UK savings rates are shown.

Goal, yearly increase and timing

Handy if you plan to save more as your pay goes up.

Your money and interest

Money you put inInterest earned

Year by year

Your balance at the end of each year. Interest grows faster as the pot gets bigger.

Money you put inInterest earned

Table

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An estimate. It assumes the rate stays the same, interest is added monthly at the AER's monthly equivalent, and nothing is taken out. Real accounts can pay interest yearly, change their rate, or limit how much you can add. Interest above your Personal Savings Allowance may be taxable; interest in an ISA isn't.