Check our savings calculator

Use our savings calculator to check how much you could earn if you switch to a savings account with a higher interest rate.

A woman looks at her phone while travelling on a bus.
A woman looks at her phone while travelling on a bus.
First published: 12/02/2024 Last updated: 13/02/2024 See all updates

People rely on savings products to help meet a range of financial goals. But the interest you earn on your savings can vary greatly between providers and accounts, so it’s important you shop around and consider switching if you find a better rate.  

Our savings calculator will show you what your interest rate could mean for your savings.  

To use the calculator: 

  • enter the amount you have to save   
  • enter the interest rate on the account 

Check how much your savings could earn

Monthly interest you could earn:

Annual interest you could earn:

The savings calculator is for reference purposes only. Tax could affect any monetary gains you make.

To find out more about searching for the best rate, or how to switch savings accounts, visit MoneyHelper.

Page updates

: Editorial amendment Image added to mobile.