Savings Interest Calculator

Posted by admin | Uncategorized | Thursday 4 June 2009 4:31 pm

This calculator shows how your savings can grow over time. You can choose a one-off investment, regular monthly savings amounts or a combination of both. It will then indicate the amount saved, the amount of interest recieved and  the total value combined.

Lump sum (£)
Monthly payment (£)
Interest rate (%)
Number of years
Amount saved (£)
Interest recieved (£)
Total value (£)

PLEASE NOTE: Interest is compounded monthly at a fixed annual yield. All results are approximate and for indication only. This website does not constitute financial advice. The final value of your savings may vary from that shown. Always refer to a qualified adviser before making any financial commitment.

The calculator demonstrates how it is possible to accumulate significant wealth, even from relatively modest contributions by saving consistently over a number of years.

Save £200 a month for 40 years, with an interest rate of 10% a year and it is quite possible for you to become a millionaire!

These surprising returns are achieved through the wonderful power of compound interest.


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