Savings Interest Calculator
Project savings growth and compare interest with the Personal Savings Allowance.
How this savings interest calculator works
Project savings growth and compare interest with the Personal Savings Allowance.
Key assumptions
- The Personal Savings Allowance is £1,000 for basic-rate taxpayers, £500 for higher-rate taxpayers and £0 for additional-rate taxpayers. The savings starting rate can apply at 0% on up to £5,000 of savings income in some cases.
FAQs
What is the Personal Savings Allowance?
It is £1,000 for basic-rate taxpayers, £500 for higher-rate taxpayers and £0 for additional-rate taxpayers.
Savings interest calculator UK content
This page helps savers estimate future balances and compare interest earned against the Personal Savings Allowance. It is useful for cash savers, fixed-rate account users and anyone comparing bank offers.
Because savings searches often include questions about tax, this page benefits from including allowance guidance as well as the growth estimate itself.
What to compare
- Total future balance
- Total interest earned
- Your likely Personal Savings Allowance based on tax band
- Whether interest could exceed that allowance
Official UK reference
The Self Assessment notes explain savings allowances and the starting rate for savings: SA110 notes.
Why use this tool
This page is designed to load fast, work on mobile, and give an instant answer without sending your numbers to a server. That makes it ideal for SEO, backlinks and broad shared-hosting compatibility.