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Random Jargon

Compound Interest

Interest earned on interest, e.g. if a savings account pays interest monthly you'll earn interest on interest paid in previous months.

Financial Calculators & Tools

Candid Calculator

Could it be worthwhile switching your savings to another provider offerring a higher rate of interest? Use this calculator to help you decide.

Savings Switch Calculator
Sum £
Existing annual savings interest % gross
Proposed annual savings interest % gross

Assumes a fixed annual return throughout, in practice this will likely vary. Current tax year income tax rates used, these may vary in future, as might savings tax legislation.

Calculations are estimates provided for illustrative purposes only. Candid Money Limited accepts no liability whatsoever for their subsequent use.

Go to Calculators Homepage.