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Savings Calculator

Savings Calculator

What’s your savings goal? Whatever you’re saving towards, our Savings Calculator will help you work out how much you need to save, and how often, to hit your target.

This tool gives you an indication of how long it will take to reach your goal. Results are an estimate and should only be used as a rough guide. This tool does not take into account any early access charges or tax that you may have to pay on your interest. Please see our savings page for details of our current products and AERs.

Help me calculate my best savings option

My savings details

£
Valid Invalid

£
Valid Invalid

£
Valid Invalid

%
Valid Invalid

Based on what you've told us

You will hit your goal of £

With estimated savings of £

If you continue to save £

At an AER of % AER

For

Please note this tool is only intended to provide an indication of your saving goals. In providing this indication, we have assumed that:

  • Interest is paid on the balance each year. We have shown the total amount of interest as part of your total savings but have not capitalised it each year (paid interest on interest).  If you are able to leave the interest in the account each year you will be able to save more
  • Interest rates remain the same during the period, although these may be subject to change
  • The amount saved is deposited at the start of the month and that the first regular deposit and any amount already saved are deposited at point of opening
  • Interest is paid without tax deducted. (You may need to pay tax on the interest you earn, depending on your personal circumstances.)

  • There are no additional deposits or any withdrawals during the period
  • The AER you have entered for this calculation reflects a product that we offer.  We are not bound to give a rate that does not match a product offered by us.

Back to My savings details

My savings details

£
Valid Invalid

£
Valid Invalid

I will save for:

Valid Invalid

%
Valid Invalid

Based on what you've told us

To reach your goal of £

At an AER of % AER

In

You will need to save £per month

Please note this tool is only intended to provide an indication of your saving goals. In providing this indication, we have assumed that:

  • Interest is paid on the balance each year. We have shown the total amount of interest as part of your total savings but have not capitalised it each year (paid interest on interest).  If you are able to leave the interest in the account each year you will be able to save more
  • Interest rates remain the same during the period, although these may be subject to change
  • The amount saved is deposited at the start of the month and that the first regular deposit and any amount already saved are deposited at point of opening
  • Interest is paid without tax deducted. (You may need to pay tax on the interest you earn, depending on your personal circumstances.)

  • There are no additional deposits or any withdrawals during the period
  • The AER you have entered for this calculation reflects a product that we offer.  We are not bound to give a rate that does not match a product offered by us.

Back to My savings details

My savings details

£
Valid Invalid

Cannot be zero or blank

£
Valid Invalid

Cannot be zero or blank

Valid Invalid

%
Valid Invalid

Cannot be blank

Based on what you've told us

If you continue to save £

At an AER of % AER

For

You could save £

Please note this tool is only intended to provide an indication of your saving goals. In providing this indication, we have assumed that:

  • Interest is paid on the balance each year. We have shown the total amount of interest as part of your total savings but have not capitalised it each year (paid interest on interest).  If you are able to leave the interest in the account each year you will be able to save more
  • Interest rates remain the same during the period, although these may be subject to change
  • The amount saved is deposited at the start of the month and that the first regular deposit and any amount already saved are deposited at point of opening
  • Interest is paid without tax deducted. (You may need to pay tax on the interest you earn, depending on your personal circumstances.)

  • There are no additional deposits or any withdrawals during the period
  • The AER you have entered for this calculation reflects a product that we offer.  We are not bound to give a rate that does not match a product offered by us.

Back to My savings details

Savings Selector

Savings accounts explained