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Savings Calculator

We'll help you work out the best way to reach your savings goal.

published: 05 June 2019
Read time: 5 minutes

Use our savings calculator to see how much interest you can earn from your savings account

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.

What are people’s savings expectations over the next two years?

Surveyed 1,775 internet users, data collected by Mintel, accurate as of May 2019

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.

Icon-Money-Savings-110px

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.

£
%

* 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.

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.



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