Whether you put away a little each week or a lump sum each year we all know it’s a good idea to have something saved for a rainy day. Using our savings interest calculator will give you an idea of what interest you will receive after-tax each month or year and help you make the most of your money.
Simply key in the amount of savings you have, and your current interest rate, and choose the tax status of your account and we’ll calculate how much interest you’ll earn on that amount.
If you’re using our savings calculator because you’re saving for a mortgage deposit why not go one step further while you’re here and call our advisers for some help on how much deposit you will need and what other costs will be involved.
There are a number of criteria that must be taken in to account when calculating exactly. These could include but are not limited to:
Your monthly outgoings or regular commitments
Whether your income is a basic salary or includes bonus, commision or overtime
Whether you are self employed
The amount of deposit you have
Your age and whether you are borrowing past your retirement date
The lender however has the final input in to determining how much you can borrow. Each lender has their own criteria and as a broker we are perfectly placed to match you to the right lender for your borrowing requirements.
The calculators do not have the final say in how much you can borrw, your repayments etc., but this is where our expertise and experience in the field come in to play. We can sometimes make available a higher borrowing by taking your personal circumstances in to account.
*all potential borrowing is subject to affordability checks and credit status.
