Regular Savings Calculator

Our regular savings calculator shows how much you accumulate by saving a fixed amount every month. Consistent regular savers often outperform lump-sum investors through disciplined systematic saving.

How to Use the Regular Savings Calculator

Regular savings accounts reward consistent monthly deposits with rates that are often significantly higher than easy-access accounts. Enter the monthly amount you plan to save and the annual interest rate offered by the account. Most regular savings accounts have a maximum monthly deposit — typically £200 to £500 for high-street bank accounts, and up to £3,000 for some specialist accounts. Ensure your planned contribution does not exceed the account’s monthly cap.

The calculator compounds interest on your growing balance each month. Because contributions are added gradually rather than as a lump sum, the effective return is roughly half what it would be if the full annual contribution were invested from day one. A 6% regular savings account on £200 per month does not deliver 6% on £2,400 — it delivers approximately 6% on an average balance that grows from £200 to £2,400 across the year.

After the regular savings account term ends (typically 12 months), the balance usually transfers to a lower-rate easy-access account. Plan for this transition and move the balance to the best available account at maturity. Many savers roll the lump sum into the following year’s regular savings account if the rate remains competitive, supplementing with new monthly contributions.

Regular savings accounts are particularly useful for building a deposit, an emergency fund, or saving for a specific goal with a known timeline. The discipline of committing to a monthly payment — often by standing order — makes them effective for people who find it difficult to save consistently from a current account. The higher interest rate compared to easy-access accounts rewards the commitment to regular saving behaviour.