Cash ISA Calculator

Deposit Cash ISAs

ISA Deposit Plan

from IDAD

ISA Option

Maximum Potential Return 8.00% pa or 3 x FTSE growth

Deposit Taker: Goldman Sachs International Bank
Term: Up to 6 years

More Info Show Details

Plan can be ended early by Deposit Taker
2% per quarter (8% pa) if plan ends early
3 x FTSE 100 Index growth if plan runs full term
Capital protected product*
Eligible for the Financial Services Compensation Scheme (FSCS)

If plan runs full term returns not guaranteed. You may only receive a return of your original capital
Minimum investment £5,000
If you withdraw your money during the plan you may get back less than you originally invested

Calculate your interest with this plan

Your savings:

You could gain:

£0.00 (per tax year)

Important Information: * The return of your initial deposit depends on the ability of the deposit taker (Investec Bank plc) to repay your money. Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.

Cash ISA Calculator

A cash Individual Savings Calculator is a program, mostly online, that helps you determine how much interest you could gain as interest on an ISA investment. While these tools only give a projection of the amount, they give valuable insight as to whether a certain interest rate is favorable and how much should be invested into the ISA regularly to give the best interest gains. A cash ISA calculator should not be used as the final determinant or decision maker when it comes to committing to a cash ISA. This is because it operates on assumptions to calculate a possible outcome on investment. That investment may gain more or less than estimated and is not an accurate measure.

Assumptions made on calculation

One of the assumptions made is that the individual will deposit money into the account on a regular basis. Cash ISAs give a lot of leeway when it comes to withdrawals and deposits. For that reason, it is not always necessary that an individual deposit money into the account on a regular basis in as long as the final tally on deposits does not exceed the cash ISA allowance limit.

Another assumption is that the market will be steady and the rates will be productive. Capital markets fluctuate all the time throughout the tax year. The market may grow or stunt considerably affecting the economical rates on conversion for the currency. Due to such changes therefore, the interest gained tends to fluctuate.

Another assumption made is that there shall be fixed tax rules throughout the duration of the tax year. The current tax allowance for ISAs exempts them from having to be taxed on interest made. However, the rules might change and in such a scenario, the tax rate could affect the projected figures.

It is also an assumption that there shall be no withdrawals made on the account. Most of the calculators work under the premise of compound interest. A withdrawal, which in reality will happen at one point or the other, has significant impact on interest.

Benefits of a cash ISA calculator

One of the benefits of using a cash ISA calculator is that it helps you predict your annual growth on a certain interest rate. From this prediction, you can then determine whether the interest rate offered is sufficient for your goals or whether you need to find a different rate elsewhere.

An ISA calculator also helps in determining how much money you should deposit on a regular basis, and at what time interval, to make it to the allowance limit, without having to compromise your financial situation.

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This was a really user-friendly site, and was very helpful when it came to comparing accounts and choosing my 2016 ISA.

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Cash ISA Calculator

ISA Deposit Plan

from IDAD

Calculate your interest with this plan

Cash ISA Calculator

Assumptions made on calculation

Benefits of a cash ISA calculator

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