Where should I keep short-term savings?

For goals under 3 years, a high-interest savings account or cash ISA reduces market risk.

Can I use this for a house deposit?

Yes — first-time buyers in the UK should also consider a Lifetime ISA, which adds a 25% government bonus on contributions up to £4,000/year.

Savings

Tell us your goal, how long you have and the return you expect — we'll tell you how much to set aside each month.

Savings goal

Starting balance

Annual return

Years to goal

Save each month

£301.66

Still needed

£20,000.00

We grow your starting balance at the given annual rate, compounded monthly.

The remaining amount needed is solved for using the future-value-of-an-annuity formula.

If your starting balance already exceeds the goal (after growth), the required monthly amount will be £0.

Project how much an investment or savings pot will be worth after years of monthly contributions and compounding returns.

Estimate how big your pension pot will be at retirement and how much sustainable monthly income it could produce.

Estimate your monthly mortgage payment based on property price, deposit, interest rate and term. Useful for both first-time buyers and remortgaging.