Savings Calculator

Notices

Savings customers - the interest rates on many of our variable rate savings products will be decreasing from 6 January 2025. Find out more

We will be emailing or writing to you shortly to let you know of how these decreases affect you. In the meantime, you can see all of these changes here.
Mortgage customers - our Managed Mortgage Rate (MMR) will decrease by 0.25% from 20 January 2025. Find out more:

From 20 January 2025, we'll be decreasing our Managed Mortgage Rates (MMR) by 0.25%. All on-sale discounted variable product rates and other details, including representative examples displayed on our website, have been updated to reflect these lower rates.
We will be writing to existing customers who have been impacted by this change, shortly, with details relevant to them.
View our Christmas opening hours here. For information on bank transfer processing times over the Christmas period please click here.
Rate changes following Bank of England decision to decrease its Bank Rate by 0.25% to 4.75% on 7 November 2024. Find out more

Savings: Interest rates for Windfall Bond and Tracker Savings Bond will decrease by 0.25% from 1 December 2024. We will be writing to all customers individually to confirm the new rates.
Mortgages: Tracker mortgages will change on 25 December 2024 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage.
(Notice updated 08/11)

Why use a savings calculator?

Our savings calculator is designed to help you work out how long it will take to reach your savings goal.

You can plan and manage long or short-term savings goals, whether you’re saving for a holiday, a house deposit, planning a wedding or for emergency funds. Our calculator can help you set a clear path for where you want to go.

What will our savings calculator help you calculate?

Our calculator can help you work out how long it will take to reach your savings goal, and determine how much you need to save each month to meet a specific deadline. Additionally, it can show you how your savings can grow over time.

How does compound interest impact my savings, and how can our calculator help?

Compound interest is when you earn interest on both your initial deposit and on the interest already added to your account.

Our calculator takes compound interest into account and so the results you’re given will help you determine exactly how much your savings could be.

How can we help you achieve your savings goal?

We offer a variety of savings accounts with different interest rates and terms. You can choose an account that matches with your specific savings goal and savings deadline.

Our easy access accounts offer you the freedom and flexibility to access your money without needing to wait for a notice period. Perfect for a short-term savings goal. You can compare all our easy access products here.

A notice savings account typically offers a better return on your savings, compared to easy access accounts. Our notice savings accounts usually require a notice period of either 35 or 90 days, but this may differ subject to account availability. This type of account is likely to be the best fit for you if you don’t need access to your money in the short-term. You can compare our notice savings accounts here.

If you want to save for your child’s or grandchild’s future, we offer a range of children’s savings accounts. Find out more here.

Why use a savings calculator?

What do you want to calculate?

Over 125 years looking after people's money