UK Savings Calculator
Project your savings balance with monthly deposits, compounding, and current UK rates.
Details
Result
Ending Balance
£48,664
Total Deposits
£38,000
Interest Earned
£10,664
UK savings in 2026
Easy-access accounts: 4-5% AER. Fixed-term bonds: 5-5.5% for 1-3 years. Regular savers (cap £200-300/mo): up to 7% AER but limited.
Personal Savings Allowance
Basic-rate taxpayers: £1,000 interest tax-free. Higher-rate: £500. Additional-rate: £0. Beyond that, interest is taxed at your marginal income rate. Max out your ISA first (£20k/yr, always tax-free).
Frequently Asked Questions
Everything you need to know, in one place.
Are UK savings interest taxed?
Yes, via the Personal Savings Allowance: basic-rate taxpayers get £1,000 tax-free interest, higher-rate £500, additional-rate £0. Beyond that, interest is taxed at your income rate.
ISA vs regular savings?
ISA interest is always tax-free (£20k annual limit). Regular savings only up to your PSA. For basic-rate savers with < £1k interest, both are equivalent; above that, ISA wins.
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