Savings Calculator

No matter how much or how little, saving is a great habit to get in to. Whether you have started saving yet or not, this calculator will let you see how long it will take you to reach your goal – whether that’s to save enough for a new car, house deposit or wedding, for example.

You can also find out how much you will need to put by every month to reach your target. And even if you don’t have an amount or time schedule in mind, you will be able to see how much in savings you could have at various points in the future.

Of course, the outcome of all of these scenarios will be affected by the interest rates you earn on your cash – and whether this is taxable or tax-free. So you can play around with this too.

Whether you are a savings convert already or you still need a little persuading, this savings calculator is a great place to start. And when you’ve done your sums, don’t forget to do your research on the best kind of account for all that hard-earned cash too.

 

Savings calculator

Whether you're saving for a house, a holiday, or a rainy day, our handy Savings calculator can help you find the best way to reach your goal.

How do you want to save?

Tell us the amount

£

How do you want to save?

£
£
%

* You can find this in your online banking, on your monthly or annual statements, or by phoning your bank

Oops! Are you sure? This doesn't look right.

Oops! You'll need to save more to reach your goal in the next 20 years.

You'll need to reach your savings goal of *

* From 6th April 2016, you can earn £1,000 of interest on your savings each year tax-free (£500 if you're a higher rate taxpayer). Our calculations assume all interest is received without any tax being deducted.

Here are a few types of accounts to help your savings work harder

These are the highest interest rates on accounts you can get through MoneySuperMarket.
It can be worth considering a current account, because some current accounts offer higher interest rates than many savings accounts. But, this isn't always the best option for everyone, so make sure you consider all your options.

Easy access ISAs

The latest highest interest rate is

 

Easy access savings accounts

The latest highest interest rate is

 

Current accounts

You could earn between 3% and 5% AER with a current account, as long as you meet the account's other conditions, such as paying in a minimum amount each month.

Fixed rate savings

The latest highest interest rate is

 

Help to Buy ISAs

The latest highest interest rate is

 

Help to Buy ISAs

Help to Buy ISAs offer a top-up from the government for first-time buyers to put towards a deposit.

P2P-icon

Peer-to-peer lending

Peer-to-peer is when you lend your savings to individuals or businesses rather than keeping them in a traditional savings account.

£
%

* You can find this in your online banking, on your monthly or annual statements, or by phoning your bank

Oops! Are you sure? This doesn't look right.

Oops! You'll need to save more to reach your goal in the next 20 years.

You'll need to save per month to reach your savings goal of by *

* From 6th April 2016, you can earn £1,000 of interest on your savings each year tax-free (£500 if you're a higher rate taxpayer). Our calculations assume all interest is received without any tax being deducted.

Here are a few types of accounts to help your savings work harder

These are the highest interest rates on accounts you can get through MoneySuperMarket.
It can be worth considering a current account, because some current accounts offer higher interest rates than many savings accounts. But, this isn't always the best option for everyone, so make sure you consider all your options.

Easy access ISAs

The latest highest interest rate is

 

Easy access savings accounts

The latest highest interest rate is

 

Current accounts

You could earn between 3% and 5% AER with a current account, as long as you meet the account's other conditions, such as paying in a minimum amount each month.

Fixed rate savings

The latest highest interest rate is

 

Help to Buy ISAs

The latest highest interest rate is

 

Help to Buy ISAs

Help to Buy ISAs offer a top-up from the government for first-time buyers to put towards a deposit.

P2P-icon

Peer-to-peer lending

Peer-to-peer is when you lend your savings to individuals or businesses rather than keeping them in a traditional savings account.

Tell us the amount

£
£
%

* You can find this in your online banking, on your monthly or annual statements, or by phoning your bank

Choose a savings deadline

Oops! Are you sure? This doesn't look right.

Oops! You'll need to save more to reach your goal in the next 20 years.

On you'll have saved *

* From 6th April 2016, you can earn £1,000 of interest on your savings each year tax-free (£500 if you're a higher rate taxpayer). Our calculations assume all interest is received without any tax being deducted.

Here are a few types of accounts to help your savings work harder

These are the highest interest rates on accounts you can get through MoneySuperMarket.
It can be worth considering a current account, because some current accounts offer higher interest rates than many savings accounts. But, this isn't always the best option for everyone, so make sure you consider all your options.

Easy access ISAs

The latest highest interest rate is

 

Easy access savings accounts

The latest highest interest rate is

 

Current accounts

You could earn between 3% and 5% AER with a current account, as long as you meet the account's other conditions, such as paying in a minimum amount each month.

Fixed rate savings

The latest highest interest rate is

 

Help to Buy ISAs

The latest highest interest rate is

 

Help to Buy ISAs

Help to Buy ISAs offer a top-up from the government for first-time buyers to put towards a deposit.

P2P-icon

Peer-to-peer lending

Peer-to-peer is when you lend your savings to individuals or businesses rather than keeping them in a traditional savings account.

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