Compound Interest Calculator

“Why bother saving when interest rates are so low?”

“1.4% interest is nothing!

“I have so few savings, it’s not worth it!”

*

Wrong! Save £10 a month at 10% for a year, you’ll have £120 right?. No! Interest compounds. Pay your interest back into your savings account. Build a habit, and do this month after month. Your savings start to grow!

Enter your saving and see:

1. Starting Lump Sum Saving: (£)

2. Monthly Savings: (£/month)

3. Interest Rate (%):

4. Years:

There was an error with your input. Please try values like:

• Lump Sum = 1000
• Monthy Savings Rate = 10
• Interest Rate = 1.4
• Years = 25

Date	Savings	Interest	Total

*

Let others know about your Money Magery:

Twitter  facebook  Pinterest  LinkedIn  Reddit 

Subscribe, start at the beginning, or check out more calculators.