I know it depends on the interest rate. Just want a ballpark figure...
2006-11-15 09:41:32 · 5 answers · asked by Mandy Cat 4 in Business & Finance ➔ Investing
About $51,390. I based it on 5.5%. But, there are online savings accounts that offer between 4.5%-5% rate and the money isn't locked up into a CD.
2006-11-15 09:45:06 · answer #1 · answered by Peter N 2 · 1⤊ 0⤋
It depends on the interest rate. Can't give you a ballpark because different banks pay different rates. Your CD wouldn't be considered a Jumbo Cd (which is $100,000 or more usually), and I foresee maybe 2%-4% of a return, which would be about $1000 at the most.
2006-11-15 09:44:55 · answer #2 · answered by ? 6 · 0⤊ 0⤋
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2016-11-24 21:26:12 · answer #3 · answered by ? 4 · 0⤊ 0⤋
right now you are lucky to get 3 percent by only investing for 6 Mo. so around $150.00. I figure.
2006-11-15 10:59:20 · answer #4 · answered by Tired Old Man 7 · 0⤊ 0⤋
If you can find a bank paying say, 5.5% interest,that will mean 1375 on your capital in six months. But in UK they will deduct 20% tax,leaving you 1100.
It will not make you rich but it will help.
2006-11-15 10:21:11 · answer #5 · answered by Anonymous · 0⤊ 0⤋