← Savings Calculator
How Much Will I Have After 2 Years of Saving?
See how your money grows over 2 years with compound interest. The longer you save, the more interest you earn on your interest.
Your Savings Plan
Enter your savings details to see how your money grows
£
£
Your Savings Growth
See how your savings will grow over time
£5,037
Total after 2 years
Total Contributions
£4,800
Interest Earned
£237
Interest Bonus
You'll earn £237 in interest, which is 4.9% on top of your contributions.
Initial deposit£0
Monthly contributions (2 years)£4,800
Total interest earned£237
Effective annual rate (APY)5.12%
Final balance£5,037
Monthly Breakdown
Monthly contribution
£200
Avg. monthly interest
+£10
2 Year Savings Summary
£4,800
Your Contributions
+£237
Interest Earned
£5,037
Total Balance
Year-by-Year Growth
| Year | Start Balance | Contributions | Interest | End Balance |
|---|---|---|---|---|
| 1 | £0 | £2,400 | +£56 | £2,456 |
| 2 | £2,456 | £2,400 | +£181 | £5,037 |