UK Fin Lab

Professional-grade UK financial tools

SAVINGS & INVESTING

Total Interest Calculator

Combine multiple savings accounts, investments and debts into one projection to estimate total interest earned, total interest paid, net interest and future balances over time.

Build your account mix

Add as many asset and debt accounts as you want. Use monthly contribution for savings/investing and monthly overpayment for debts. For capped saver accounts, you can now set a separate interest-bearing balance cap so only part of the balance continues to earn interest.

Total Interest Calculator UK

This total interest calculator is built for people managing more than one account at once. Instead of looking at a single savings balance in isolation, you can enter multiple savings accounts, investment pots and debt balances to see your combined interest position.

It is useful for comparing how your money is working across cash savings, ISAs, general investment accounts, mortgages, loans or credit card balances. You can also set monthly contributions or overpayments and choose an optional maximum balance cap for contributions plus a separate interest-bearing balance cap where interest should only apply up to a certain balance.

What this tool can show you

  • Total estimated interest earned per day, month and year at current balances
  • Total estimated interest paid on debt accounts
  • Net interest position across all accounts
  • Projected balances for each account over your chosen timeframe
  • A balance chart and a monthly interest chart
  • Year-by-year summaries and account-level breakdowns

How to use the calculator

Add each account you want to track, choose whether it is an asset or debt, enter the current balance, annual interest or return rate, and any monthly contribution or overpayment. If an account should stop accepting new money once it reaches a certain size, set a balance cap. If interest should only be paid up to a certain balance, set the interest-bearing balance cap as well. Then choose how many years you want to project forward.

This calculator provides general estimates only and does not constitute financial, tax, investment or mortgage advice. Actual results will differ due to rate changes, fees, taxes, market volatility and product-specific rules.

Total Interest Calculator – FAQs

Can I mix savings, investments and debts in one projection?

Yes. You can mark each account as either an asset or a debt so the tool can estimate both interest earned and interest paid.

What does the max balance cap do?

It stops further monthly contributions from being added once the account balance reaches the cap. If you also want interest to stop above a certain balance, use the separate interest-bearing balance cap field.

Does this account for tax, fees or investment volatility?

No. The calculator uses a simplified projection based on the rates and monthly cashflows you enter.

Can I use this as a mortgage interest comparison tool?

Yes. Add your mortgage as a debt account and any regular overpayment as the monthly contribution to reduce the balance over time.