MONEY & EVERYDAY

Savings growth

Explore a savings scenario with monthly contributions.

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How it works

Explore a savings scenario with monthly contributions. Fill in the form and choose Calculate. It opens with an example already filled in, so you can see how it works first.

What you need

Starting savings (GBP)
Monthly contribution (GBP)
Nominal annual rate (%)
Years

What you get

Projected balance, Paid in, Interest
Copy or save the result

Example

The tool opens with Starting savings (GBP): 1000; Monthly contribution (GBP): 100; Nominal annual rate (%): 4; Years: 5.

That gives: Projected balance: £7,850.89; Paid in: £7,000.00; Interest: £850.89.

Good to know

Fixed nominal rate compounded monthly; deposits at month-end, 60 whole months. Excludes tax, fees and inflation. Not a forecast or guaranteed return.

Your privacy

What you type is worked out in your browser and is not sent anywhere. There are no accounts, adverts or tracking scripts.