Free Tool — Europe
European Savings Calculator
See exactly how your savings grow over time with compound interest & monthly contributions — plan your financial future today.
Enter Your Savings Details
€
€0€100,000
€
€0€5,000
%
0.1%15%
yrs
1 yr40 yrs
Adjust for Inflation (2.5%)
Total Savings at End
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after — years
Total Invested
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Interest Earned
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Growth Rate
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Real Value*
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*Real value adjusted for 2.5% annual inflation
| Year | Deposited | Interest | Total Balance |
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Frequently Asked Questions
How does compound interest work on savings in Europe?
Compound interest means you earn interest on both your original deposit and previously earned interest. For example, €1,000 at 3.5% compounded monthly becomes €1,035.57 after one year — not just €1,035. Over 10–20 years, this effect becomes very powerful.
What is a good savings interest rate in Europe in 2026?
In 2026, good savings rates in Europe range from 2.5% to 4.75% APY. Neobanks like Trade Republic (3.75%), Revolut (3.49%), and Marcus UK (4.75%) offer far better rates than most traditional banks. Always compare before opening an account.
How much should I save every month?
A widely used rule is the 50/30/20 rule: 50% on needs, 30% on wants, and 20% on savings. Even €100–200 per month invested consistently at 3.5% grows to over €17,000 in 10 years. Use the calculator above to find your exact number.
Is my money safe in European savings accounts?
Yes. Under EU Directive 2014/49/EU, deposits up to €100,000 per person per bank are protected by government deposit guarantee schemes in all EU member states. In the UK, the FSCS protects up to £85,000. Always verify your bank is covered.
What is the difference between APY and APR for savings?
APY (Annual Percentage Yield) includes the effect of compounding and shows your actual return. APR (Annual Percentage Rate) is the base rate without compounding. Always compare savings accounts using APY for an accurate comparison of real returns.