Tool
Compound interest
What a sum grows to at a rate over the years, and how much of that is interest on interest.
As an AER - the yearly rate after monthly interest, as UK savings accounts quote it.
With interest
£23,581
Just saved, no interest
£17,000
Interest earned you
+£6,581(+38.7% more)
Growth over time
An illustration from the figures above, not a forecast. Facts, not financial advice.
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