← Savings Calculator
How Much Will I Have After 5 Years of Saving?
See how your money grows over 5 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
£13,601
Total after 5 years
Total Contributions
£12,000
Interest Earned
£1,601
Interest Bonus
You'll earn £1,601 in interest, which is 13.3% on top of your contributions.
Initial deposit£0
Monthly contributions (5 years)£12,000
Total interest earned£1,601
Effective annual rate (APY)5.12%
Final balance£13,601
Monthly Breakdown
Monthly contribution
£200
Avg. monthly interest
+£27
5 Year Savings Summary
£12,000
Your Contributions
+£1,601
Interest Earned
£13,601
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 |
| 3 | £5,037 | £2,400 | +£313 | £7,751 |
| 4 | £7,751 | £2,400 | +£452 | £10,603 |
| 5 | £10,603 | £2,400 | +£598 | £13,601 |