Your result
€6,981Savings at the chosen dateShort-term cash saving
Will my cash savings cover this purchase?
This is a scenario with monthly compounding and year-end tax, not a bank quote. Contributions arrive at the start of each month. Rates and the unused annual allowance are assumed constant; actual bank settlement can differ.- Savings at the chosen date
- €6,981
- Your contributions
- €6,800
- Gross interest
- €181
- Estimated interest tax
- €0
- Inflation-adjusted purchase cost
- €7,283
- Amount still missing
- €302
For an eligible bank deposit, statutory deposit protection generally covers up to €100,000 per person and bank. Check the actual bank, access conditions and applicable protection scheme; a money-market fund is not a bank deposit.
Money needed at a fixed near-term date should be assessed separately from a long-term stock-market scenario.