Compound returns calculator

Saving for a future goal?

Find out how much you could save with the effects of compound interest.

What is compound interest?

Compound interest is the interest calculated on the original sum of money you started with plus any interest made on previous periods.

Why is compound interest important?

It allows your money to grow exponentially.

I’m not sure where to start to save my money?

If you’re considering saving your money for a goal but not sure where to start, check out our guide on changing your habits to save better. Sometimes all it takes is a few small changes to make a difference.

Where should I start putting my money away?

Knowing how and where to save will help you make the most of your money. Start by finding out what types of savings accounts there are and find out which one would work best for your needs.

Assumptions

Where did you get the average return rates from?

The highlighted return levels we have provided are related to averages in the UK market.
0.01% – Average everyday saving account
Best rate Instant Access ISA – 0.60%, , Moneyfacts (stats from Sept 2020)
Best rate 5 Year Fixed Rate ISA – 1.15%, , Moneyfacts (stats from Sept 2020)
4.8% – Average stocks and shares ISA (2018), Money to the Masses

Compound returns calculator

Assumptions

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