Savings

Initial Savings Amount (£):

The initial savings amount.

Monthly Deposit (£):

The monthly savings amount.

Average Annual Interest (%):

The average annual interest rate.

Average Annual Inflation (%):

The average annual inflation rate.

Number of Years:

The number of years to save over.

Capital Investment (£):

The amount to consider as the investment into the fund.

Rate Of Return:

The expected annual rate of return of the investment.

Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.

22 Jan 2021

Nine million people borrowed more in 2020 as result of COVID-19 pandemic

Almost nine million people had to borrow more money in 2020 as a result of the coronavirus (COVID-19) pandemic, data published by the Office for National Statistics (ONS) has revealed.

21 Jan 2021

One in three blocked from paying with cash during pandemic

Over a third of UK consumers have been blocked from paying for goods with cash during the coronavirus (COVID-19) pandemic, according to research from consumer group Which?.

Register

Once a month we’ll send you an email packed full of essential business news and handy tax tips to help save you money.

Sign up now!

Budget report

Our summary of the key announcements from the Chancellor's latest Budget .

Read about the budget

Accessibility links

Savings

Nine million people borrowed more in 2020 as result of COVID-19 pandemic

One in three blocked from paying with cash during pandemic

Register

Budget report

Useful links