Savings Calculator
Whether you’re saving for a house, a holiday or a rainy day, our Savings Calculator can help you plan for and reach your savings goals.
See how much interest you can earn based on how much you want to invest initially, what you’d like to top up your savings with monthly, and how long you want to save for.
Using the calculator
- Results are indicative only.
- Initial deposit and first monthly deposit are assumed to be made at the beginning of the first month.
- Assumes interest is capitalised annually and/or at the end of the selected time period, if this falls within the year.
- Assumes the interest rate does not change during the time period – in the case of variable rate products, rates can go up and down.
- Please note that fixed rate products have a short funding window and don’t allow regular monthly deposits.
- The calculations provided are based on a standard 365-day calendar year.
- All interest on UK savings accounts is paid without the deduction of tax. You’ll have to declare interest earned if you exceed your Personal Savings Allowance, set by HMRC. Cash ISAs are tax-free, meaning that you don’t have to declare any interest earned.
You'd have...
£0
in total after saving
£0
a month for
0 months.
The results are based on:
Already saved:
£0
Additional savings:
£0
Interest amount:
£0
Using the calculator
- Results are indicative only.
- Initial deposit and first monthly deposit are assumed to be made at the beginning of the first month.
- Assumes interest is capitalised annually and/or at the end of the selected time period, if this falls within the year.
- Assumes the interest rate does not change during the time period – in the case of variable rate products, rates can go up and down.
- Please note that fixed rate products have a short funding window and don’t allow regular monthly deposits.
- The calculations provided are based on a standard 365-day calendar year.
- All interest on UK savings accounts is paid without the deduction of tax. You’ll have to declare interest earned if you exceed your Personal Savings Allowance, set by HMRC. Cash ISAs are tax-free, meaning that you don’t have to declare any interest earned.
Jargon Buster
Confused about certain words? You're not the only one! Use our jargon buster to find the definitions of banking terms you might come across.
Ready to start your savings journey with us?
Before you start, you’ll need to...
- be 18 years or older
- be a UK resident
- have a UK bank account
- have a valid email address
If you need any help during your application, visit our FAQs.