You sure? I thought the interest rate was per year, so the above sum would be right.
Suppose it's cumulative so you would have a few pence more each month?"},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/8480443","author":{"@type":"Person","name":"JayBird"},"datePublished":"2010-04-28T19:44:50.000Z","text":"yep, and dont forget you may have to pay tax on it too, so it would be more like £330"},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/8480732","author":{"@type":"Person","name":"deleted121326"},"datePublished":"2010-04-28T20:12:32.000Z","text":"savingsinterestcalculator.co.uk/"},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/8481196","author":{"@type":"Person","name":"mug"},"datePublished":"2010-04-28T20:58:27.000Z","text":"initial amount * rate/12 * (1+ rate/12)^(month - 1) to find how much you get each month
1 £416.67 2 £418.40 3 £420.15 4 £421.90 5 £423.65 6 £425.42 7 £427.19 8 £428.97 9 £430.76 10 £432.55 11 £434.36 12 £436.17"},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/13000161","author":{"@type":"Person","name":"deleted472468"},"datePublished":"2011-12-04T17:45:13.000Z","text":"thanx this is what id ave left after i see my house ,was thinking of putting in2 ahigh savings for ayear before buying"},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/18521614","author":{"@type":"Person","name":"deleted86015"},"datePublished":"2013-07-10T08:46:00.000Z","text":"
deeky
I went for a walk in the park yesterday.
unaided?"},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/8480307","author":{"@type":"Person","name":"bikerjodie"},"datePublished":"2010-04-28T19:30:37.000Z","text":"depends on the banks rate, if you agree to not have use of it, you get a higher rate, if you want access you get a lower rate"},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/8480312","author":{"@type":"Person","name":"deleted149890"},"datePublished":"2010-04-28T19:31:11.000Z","text":"Depends entirely on the interest rate."},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/8480327","author":{"@type":"Person","name":"deleted180452"},"datePublished":"2010-04-28T19:32:54.000Z","text":"lets say if the interest rate is 5%"},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/8480363","author":{"@type":"Person","name":"JayBird"},"datePublished":"2010-04-28T19:36:19.000Z","text":"
raa;8480327
lets say if the interest rate is 5%
This is very simplified but i think this....
5 / 100 x 100,000 / 12 = £416"},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/8480514","author":{"@type":"Person","name":"bluebird002"},"datePublished":"2010-04-28T19:50:49.000Z","text":"if it is 5% it's £416.67 per month. BUT, unless it's an ISA (tax free), you have to pay 20% tax on that if you are a basic taxpayer, so that's £333.33 per month.
assuming it's 100k in the account every month, of course."},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/8480555","author":{"@type":"Person","name":"deleted24924"},"datePublished":"2010-04-28T19:54:48.000Z","text":"In before twaddle from JFK"},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/8481084","author":{"@type":"Person","name":"deleted50482"},"datePublished":"2010-04-28T20:49:00.000Z","text":"well thought of dcx"},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/8481151","author":{"@type":"Person","name":"Outrunner"},"datePublished":"2010-04-28T20:54:18.000Z","text":"£5,116.19 compound interest in the first 12 months, @ 5%"},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/8481269","author":{"@type":"Person","name":"Wotwot123"},"datePublished":"2010-04-28T21:04:30.000Z","text":"Invest it in shares, RBS IMO."},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/14776529","author":{"@type":"Person","name":"deleted566143"},"datePublished":"2012-06-17T19:09:13.000Z","text":"Depends on many factors e.g the rate of interest, locked in or access..... Here are some examples over a period of 12 months:-
£40,000.00 £40,741.54 £50,000.00 £51,161.90 \t£60,000.00 £61,677.81 PER ANNUM "},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/14778702","author":{"@type":"Person","name":"deleted34178"},"datePublished":"2012-06-18T00:55:42.000Z","text":"
jlucke961
thanx this is what id ave left after i see my house ,was thinking of … thanx this is what id ave left after i see my house ,was thinking of putting in2 ahigh savings for ayear before buying
Well, bad news, you ain't going to get 5% interest."},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/14779033","author":{"@type":"Person","name":"deleted41316"},"datePublished":"2012-06-18T07:04:55.000Z","text":"
Inactive
Well, bad news, you ain't going to get 5% interest.
This thread is two years old."},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/14779243","author":{"@type":"Person","name":"bazzaric"},"datePublished":"2012-06-18T08:05:32.000Z","text":"
Wotwot123
Invest it in shares, RBS IMO.
Lol
489.90 - 243.90 a nice 246pps drop! "},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/18511325","author":{"@type":"Person","name":"deleted827627"},"datePublished":"2013-07-09T00:07:15.000Z","text":"
bikerjodie
depends on the banks rate, if you agree to not have use of it, you get a … depends on the banks rate, if you agree to not have use of it, you get a higher rate, if you want access you get a lower rate
Well Sherlock give us the answers to your 2 variables! "},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/18511401","author":{"@type":"Person","name":"Retro89"},"datePublished":"2013-07-09T00:34:02.000Z","text":"
hasskano
Well Sherlock give us the answers to your 2 variables!
Replying to someone that made a comment over 3 years ago, well done.
Well Sherlock give us the answers to your 2 variables!
And joining the forum to reply to a three year old thread with a sarcastic comment is, well, strange."},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/18521457","author":{"@type":"Person","name":"SuffolkLad222"},"datePublished":"2013-07-10T08:24:14.000Z","text":"
JayBird
yep, and dont forget you may have to pay tax on it too, so it would be … yep, and dont forget you may have to pay tax on it too, so it would be more like £330
Tax is only payable if you are earning above the personal allowance threshold. "},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/18521507","author":{"@type":"Person","name":"deleted80858"},"datePublished":"2013-07-10T08:32:31.000Z","text":"I went for a walk in the park yesterday."},{"@type":"Comment","@id":"https://www.hotukdeals.com/comments/permalink/18521975","author":{"@type":"Person","name":"Sebas111"},"datePublished":"2013-07-10T09:28:36.000Z","text":"
deeky
I went for a walk in the park yesterday.
I hope you used protection..........................................sun cream that is, and took on plenty fluids. We all know incontinence kicks in in later life and wouldn't want you collapsing from dehydration "}],"commentCount":26,"interactionStatistic":9,"articleSection":"Misc"}