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!
Compounding is magical. A superlinear superpower. Learn how compounding can increase your net worth exponetionally over the years. From a £500 Emergency Fund to growing your net worth and Mortgage Freedom by 35.
Enter your saving and see:
Starting Lump Sum Saving: (£)
Monthly Savings: (£/month)
Interest Rate (%):
There was an error with your input. Please try values like:
- Lump Sum = 1000
- Monthy Savings Rate = 10
- Interest Rate = 1.4
- Years = 25
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