Setting a Savings Goal

Whether you're saving for a house deposit, emergency fund, holiday, or any other goal, knowing exactly how much to put aside each month makes the target feel achievable. Our calculator factors in interest — so you can see how much of the heavy lifting your savings rate does for you.

The Emergency Fund Rule

Financial advisers typically recommend keeping 3–6 months' worth of essential expenses in an accessible savings account. For someone spending £2,000/month on essentials, that means a £6,000–£12,000 emergency fund. This calculator can help you work out how long that will take to build.

Best Savings Rates in 2025

With interest rates elevated compared to historical lows, it pays to shop around. Easy-access ISAs and fixed-rate ISAs are currently offering competitive rates — check comparison sites like MoneySavingExpert for the latest best-buy tables. Any interest earned inside an ISA is completely tax-free.