If you are interested to know how much your existing savings will be worth one year from now, the Savings Future Value After 1 Year Calculator can help. This is a particularly useful calculator if you are planning on switching your existing savings to a different savings account and would like to compare the returns to those that you are currently earning. Another possible scenario is that you have had your money saved in premium bonds and would like to see a more regular return on your money.
Whatever the reason for wishing to look into the relative merits of different savings accounts, the Savings Future Value After 1 Year Calculator can help you to make your choice. If you already have a mortgage, you may wish to consider moving to an offset mortgage, where your mortgage is linked to a savings account. This way, you subtract your savings from your outstanding mortgage balance and only pay interest on the remainder. This is a great option for anyone who already has sizeable savings, because it means that you can cut years off the life of your mortgage whilst keeping hold of your savings for the future.