2007-10-09 07:30:07 · 6 answers · asked by KayTayTee 2 in Business & Finance ➔ Personal Finance
u have to go in and talk to the, it is about 6% 8 %
2007-10-09 07:34:47 · answer #1 · answered by silvi 2 · 0⤊ 0⤋
I can't believe you have earned £100k and are not able to work this out yourself ...
Heres a few hints .. MOST Interest rates are worked out on the assumption that you leave te money in for an entire year. So first thing, find out what the monthly Interest rate is.
NEXT, most UK Banks & Building Societies deduct TAX before paying you your Interest (which you can not reclaim), and (if your Income exceeds approx £38k in the year) you will have to pay extra tax at the end of the year.
If you have £100,000 to invest, I really think you need to learn how to manage your own finances .. why not consider evening classes ? In the mean while, you could simply choose the 'top 3' Building Societies rates and put 1/3rd into each account..
NB. You will need to be on your guard .. there will be a queue of con-merchants who are only too happy to 'help' you 'invest' your money ..
2007-10-10 20:34:23 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋
circa £500 p.m varies slightly with the bank/society account. The latter is what Alliance and Leicester are currently paying (£502.30 to be exact)
2007-10-09 07:35:07 · answer #3 · answered by busterdomino 4 · 0⤊ 0⤋
Sainsburys online bank is offering just over 6%. Try moneysupermarket.com for other rates.
2007-10-12 07:44:23 · answer #4 · answered by James Mack 6 · 0⤊ 0⤋
With refernce to Steve B he means £33,333 into each bank if you were having difficulty with the calculation ;)
2007-10-12 07:18:43 · answer #5 · answered by tom m 2 · 0⤊ 0⤋
I think it would be up for negotiation, however send me the cheque and I will try to get the best rate for me/ you /us, and I'll phone you from Bermuda to tell you how I got on.
2007-10-09 07:41:57 · answer #6 · answered by SAPPER 5 · 0⤊ 0⤋