UK Money Blog | Saving, ISAs, Apps, Calculators, Making Money
Wondering how your savings account works? The power of compound interest means you earn interest on interest. Use the compound interest calculator to see the effects of compounding on a savings plan. Adjust the lump sum payment, regular contribution figures, term and annual interest rate. This calculator is intended to give you an idea of how returns and compound interest can work in your favour over a long-term plan and illustrate the effects of continuous compounding. Fund charges or inflation have not been taken into account for this calculator.
Take a look at our other helpful financial calculators such as the Junior ISA Calculator.