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Simple annual savings interest
Simple annual savings interest
Simple interest only, before tax and fees.
How this estimate works
Uses principal × (1 + annual rate × years). The result includes the original principal and is not compound interest.
Assumptions and limitations
Uses the figures you enter, without checking eligibility for any benefit or grant. Figures are estimates and may exclude tax, inflation, charges or changing rates unless explicitly included. Check the method and assumptions before making financial decisions.
Read related independent or official guidance
Calculation takes place in your browser; the entries are not sent to PublicHelp. For eligibility estimates, consult GOV.UK benefits calculator guidance.