The CashHub savings calculator

AER (Annual Equivalent Rate)

AER shows the interest rate you could earn over a year, including the effect of earning interest on your interest. It makes it easier to compare savings accounts.

Blended AER

The average interest rate across the accounts in your illustration, based on how your cash is divided between them.

Projected interest

The estimated interest your savings could earn over the selected period, based on the interest rates shown and assuming they remain unchanged for the duration of the term selected.

FSCS (Financial Services Compensation Scheme)

The FSCS protects eligible deposits held with UK-authorised banks, building societies and credit unions if they fail. Protection limits apply per person, per banking licence.

Allocation preference

How you'd like the tool to spread your cash across the available accounts, for example to prioritise the interest rate or FSCS protection. Maximising the rate may mean some of your deposit exceeds FSCS protection limits, while splitting by FSCS limit spreads your deposit across banking groups to stay within them.

Easy access account

A savings account that lets you withdraw your money without giving notice or committing to a fixed term.

Fixed-term account

A savings account where you commit your money for an agreed period, such as six months or one year. Access may be restricted and charges or penalties may apply if early withdrawals are permitted.

Notice account

A savings account that requires you to give notice before withdrawing money.

SME account type

‘SME’ stands for small to medium-sized enterprise. It’s a term used to describe a small or medium-sized business. Whether your business qualifies as an SME will depend on its size and circumstances. If you’re unsure which account type to select, please speak to your financial adviser.

If you choose to maximise the interest rate, the calculator will prioritise higher-paying accounts rather than spreading your cash deposit to stay within FSCS protection limits. Select ‘Prioritise FSCS protection’ to prioritise spreading your deposit across banking groups, with no more than £120,000 allocated to each.

For very large deposits, full FSCS protection will not always be possible across the available banking groups. The calculator will show what percentage of your deposit is protected.

Savings rates can change. Your illustration uses the rates available when it is created and assumes they remain available for the selected period, so the amount you actually earn may be different.

The figures are estimates for illustration purposes and do not guarantee future rates or returns. Available accounts and rates for easy access and fixed term savings products may change.

This depends on the account. Easy access accounts allow withdrawals at any time. Notice accounts require advance notice, while fixed-term accounts may restrict access or apply a charge or penalty if early withdrawals are allowed. Check the account terms before applying.

No. The illustration is free to use and there's no obligation to proceed. The accounts shown are examples based on the details entered and the options available when the illustration is created.

Speak to your financial adviser if you would like to discuss whether the CashHub is right for you and how to apply. You can also watch this short video which shows you how to open a CashHub account using Quilter's mobile app.

Yes. You can use the illustration to support a conversation with your financial adviser about your cash savings and whether the CashHub may suit your needs. Simply click ‘Download illustration (PDF), save the file, and send it to your financial adviser.