Savings goal calculator
Tell us what you're saving for and how much you can put away each month, and we'll show how long it'll take.
Your details
Where will the money sit?
Your entitlement
Time to reach your goal
2 yrs 1 mo
| Savings goal | £5,000.00 |
| Already saved | £0.00 |
| Monthly deposits × 25 | £5,000.00 |
| Interest earned4% AER | £205.21 |
| Final balance | £5,205.21 |
| Goal reached | October 2028 |
- • Interest is added monthly at the rate shown and assumed to stay the same.
- • Basic-rate taxpayers can earn £1,000 interest a year tax-free (Personal Savings Allowance); interest above that is taxed at 20%.
- • Rates vary between providers; check your own account's AER.