Borrowing and savings calculator

An interest rate calculator to learn more about borrowing and saving.

Use our calculator to show you how  work to affect borrowing and saving. Even a small change in interest rates can have a big impact.

I want to save

How much do you want to save?

The savings rate is: 1.5%

0%

15%

Your monthly earnings are: £0.13

I want to borrow

How much do you want to borrow?

The loan rate is: 2.5%

0%

15%

Your monthly payment is: £2.08

How to use our calculator

Choose how much you want to save or borrow. Enter the amount into the box. Use the slider to set the interest rate. This will show you how the interest rate affects your borrowing or saving.

About our calculator

Our borrowing / savings calculator is designed for illustrative and general reference purposes only. For more detailed and specific information we recommend using the Money Advice Service loan calculator and savings calculator.

Find out more

This page was last updated 24 September 2019
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