Saving 2 pounds per day calculator
What is the value of saving 2 pounds per day?
You might be surprised to find out how much you can put aside with just a relatively modest daily saving. The Saving 2 Pounds Per Day Calculator will show you the value of saving this amount each day over a number of years and at a certain interest rate. For example, if you were to save 2 pounds every day over a ten-year period at an interest rate of 3%, you would see a total saving of £8,512.83, which could come in very handy in the future!
Please note that unless you are putting your money into a tax-free savings account such as an Individual Savings Account (ISA), you will have to pay tax on the money that you save. For this reason, if you are planning to save 2 pounds per day, you would be better to use up your ISA allowance before using a standard savings account. Everyone in the UK has a £10,200 ISA allowance, of which £5,200 can be put into a cash ISA. Use the Saving 2 Pounds Per Day Calculator to motivate yourself to save.