← Savings Calculator
How Much Will I Earn at 8% Interest?
At 8% annual interest, your savings will grow faster than standard accounts. Use our calculator to see exactly how much you'll earn.
Your Savings Plan
Enter your savings details to see how your money grows
£
£
Your Savings Growth
See how your savings will grow over time
£36,589
Total after 10 years
Total Contributions
£24,000
Interest Earned
£12,589
Interest Bonus
You'll earn £12,589 in interest, which is 52.5% on top of your contributions.
Initial deposit£0
Monthly contributions (10 years)£24,000
Total interest earned£12,589
Effective annual rate (APY)8.30%
Final balance£36,589
Monthly Breakdown
Monthly contribution
£200
Avg. monthly interest
+£105
8% Interest Returns
£24,000
Your Contributions
+£12,589
Interest Earned
£36,589
Total Balance
Year-by-Year Growth
| Year | Start Balance | Contributions | Interest | End Balance |
|---|---|---|---|---|
| 1 | £0 | £2,400 | +£90 | £2,490 |
| 2 | £2,490 | £2,400 | +£297 | £5,187 |
| 3 | £5,187 | £2,400 | +£520 | £8,107 |
| 4 | £8,107 | £2,400 | +£763 | £11,270 |
| 5 | £11,270 | £2,400 | +£1,025 | £14,695 |
| 6 | £14,695 | £2,400 | +£1,310 | £18,405 |
| 7 | £18,405 | £2,400 | +£1,618 | £22,423 |
| 8 | £22,423 | £2,400 | +£1,951 | £26,774 |
| 9 | £26,774 | £2,400 | +£2,312 | £31,486 |
| 10 | £31,486 | £2,400 | +£2,703 | £36,589 |