2007-03-06 04:24:40 · 8 answers · asked by len w 1 in Business & Finance ➔ Personal Finance
That sum could make up to £12,000 in interest. But it depends on the bank or building society you invest in. Look at the Sunday business papers which give the best investment names. The best current offers just under 6% interest p.a. Sometimes the rate changes downwards after the initial six months so you should watch your investment and if this happens switch it to another high yielding account when the six months are up. Make sure you read the small print before deciding as some banks demand three or six months notice to withdraw your money without loss of interest earned.
Remember too, you will have to pay tax on the interest earned at the highest rate of tax you pay.
And be very wary of anyone offering interest rates much higher than the market level. It could be risky. Good luck.
2007-03-06 04:43:48 · answer #1 · answered by Peter Bro 2 · 0⤊ 0⤋
That would depend on where you invest. Markets are unpredictable but generally prices of stocks go up over 2 years.
If you invested in a Market Tracker Stock in China or India, you would have made at least 15% profit of your principal amount. Whether or not their economy will continue to grow like this for the next 2 years is really hard to say.
2007-03-06 04:33:01 · answer #2 · answered by James S 3 · 0⤊ 0⤋
Download the free MS Excel 40-year investment calculator at the URL below. Input your age, investment value, principal additions, ROI and in inflation rate and it will tell you what actual spending power you will have after 1, 2, up to 40 years.
Good luck!
2007-03-06 04:46:53 · answer #3 · answered by Ethan 3 · 0⤊ 1⤋
As a benchmark, i manage to double my money every 30-36 months, on the stock exchange.
just be careful , cos it aint that easy.
2007-03-06 08:43:12 · answer #4 · answered by bluecow 5 · 0⤊ 0⤋
What interest rate will you be investing it at? They vary greatly.
2007-03-06 04:30:59 · answer #5 · answered by Rich T 6 · 0⤊ 0⤋
go to moneysavingexpert.com and check the best interest rates.
2 years is not that long, so i would rule out the stockmarket, possible a bond?
2007-03-06 05:51:14 · answer #6 · answered by Abdul 5 · 0⤊ 0⤋
Leave it with me and I'll tell you in a couple of years.
2007-03-06 04:32:13 · answer #7 · answered by ragingmk 6 · 0⤊ 0⤋
Well if you lend it to me..I will give you alot more then waht you bargained for.
2007-03-06 04:32:17 · answer #8 · answered by Anonymous · 0⤊ 0⤋