Lousy Interest Rates!

Dec 2011

If you had £30,000 to invest over a 2 year fixed period and you selected 2 of the best rates  e.g.

4% (Investec) or 3.85% (Halifax)

Between these two rates – neither spectacular, the additional interest generated  is £93.53 (over 2 years).

Confirm this by visiting the Useful Links page and select the On-line Calculator link and use the Compound Interest tables to complete the calculations.

Hint – the total interest for £30,000 at 4% is £2,448. Do the same for 3.85% and subtract the difference.

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3 Responses to “Lousy Interest Rates!”

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  2. Emory January 4, 2012 8:32 pm

    That is some thing I have to do more research into, appreciate the article.

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