The secret to saving success is compound interest. Over the long-term this earns you interest on the interest on your savings and boosts your returns.

This calculator works out how much a regular monthly savings scheme could make and how much a lump sum investment could be worth over time.

You can use it to calculate savings interest and potential investment gains over time. 

It perfectly demonstrates how regular or early savings combines with the miracle of compound interest to make money grow. 

> Best savings rates: Check the top deals in our independent tables 

Savings calculator

Work out how a lump sum or regular monthly savings would grow

Calculator assumes interest is calculated and compounded monthly. This may not be the same as your account but the differences are not massive. Please use as a guide only.

Check out our full range of financial calculators – from credit cards to mortgages, savings and inflation – work out how to save and make money 

 

 

 

This post first appeared on Dailymail.co.uk

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