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Work out how much interest you'll be paid, how long you'll need to save and how much you will need to save each month with this calculator from MoneySavingExpert.
Work out what you’ll earn in interest from a regular savings account with this calculator from MoneySavingExpert. Options for monthly savings or to drip-feed a large sum.
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With our home loan calculator, you can play around with the numbers including the loan amount, down payment, and interest rate to see how different factors affect your payment. Knowing what you can afford is the first step in buying a home. It puts you well ahead of the competition.
Use our free compound interest calculator to evaluate how your savings or investments might grow over time, with or without regular contributions. Our tool helps you see how compound interest can increase the value of your money as you plan for the future. Got questions? Just ask.
Use our free compound interest calculator to estimate how your investments will grow over time. Choose daily, monthly, quarterly or annual compounding.
Use our savings calculator to see how your savings can grow over time—whether you make only an initial savings deposit or you add to your savings regularly.
In the first year, the interest on your £1000 is £50, calculated as 5% of £1000. So, by the end of the year, your total balance becomes £1050, which includes your initial deposit of £1000 plus the £50 interest earned. Now, here’s where compound interest starts to work its magic.
According to this calculator, if I selected the middle risk option, and the “middling” growth assumptions, I could pay myself the same pension that my pension provider is quoting me at 65, but I could retire at 55, and the money would last more than 50 years!
MoneySavingExpert.com founder Martin Lewis explains how. It's possible to earn 8% interest on your savings – close to double what many earn. This is all about taking advantage of special regular savings accounts.