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.
Email, call or tweet, if you need further assistance.
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