UK Savings Calculator
Calculate your savings growth with compound interest and regular contributions
Savings Calculator
Calculate your savings growth with compound interest
£
£
% /year
£
% /year
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years
%
Results
End Balance
£92,116.99
Initial Deposit
£20,000.00
Total Contributions
£57,319.40
Total Interest Earned
£14,797.59
Accumulation Schedule
| Year | Deposit | Interest | Ending Balance |
|---|
UK Savings Information 2025/26
Current Savings Rates
- Easy Access: 1.0% - 4.5%
- Fixed Rate (1 year): 4.0% - 5.2%
- Cash ISA: 3.5% - 4.8%
- Regular Savers: 5.0% - 7.0%
- Premium Bonds: 4.65% (prize fund)
Tax on Savings Interest
- Personal Savings Allowance
- Basic rate: £1,000 tax-free
- Higher rate: £500 tax-free
- Additional rate: £0 tax-free
- ISA interest: Always tax-free
Savings Strategies
- Emergency fund: 3-6 months expenses
- Use ISA allowance first
- Consider regular savers for higher rates
- Fixed rates for guaranteed returns
- Ladder fixed-rate bonds
Account Protection
- FSCS protection: £85,000 per provider
- Check provider authorisation
- Spread large amounts across providers
- Consider notice accounts for flexibility
- Review rates regularly