2007-11-24 12:09:04 · 9 answers · asked by JaeMoney 1 in Business & Finance ➔ Personal Finance
to answer the question you asked, how much interest you'll make, do this.
Say you have $500 in the bank, and your Interest rate is 4.5%, multiply 4.5% by $500 and then you'll get an amount, thats an annual amount, divide it by 12 (12 months) and thats how much per month you'll get on your money.
2007-11-24 12:21:45 · answer #1 · answered by Ginger 4 · 0⤊ 0⤋
Have you considered asking the bank? That would be the place to start. Different banks have different interest rates, and even at the same bank it's different depending on what kind of account or CD it's in.
2007-11-24 20:46:31 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Banks have to publish the apr they offer on their accounts both savings and loans by law. You may find an ISA is suited to longer term savings as you don't have to pay tax on this interest. Ask you bank and look on moneysupermarket.com to find the best rates. You can invest up to £3000 into a cash ISA.
2007-11-24 20:15:03 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Just walk in or call the bank. They will tell you the rate and help you figure out how much that will be. It helps if you learn to figure percents. That you can find out at school or from a math book.
2007-11-24 20:12:36 · answer #4 · answered by wildtickle 3 · 0⤊ 0⤋
Call your banking institution. If your money is in an interest bearing account they will tell you.
2007-11-24 20:11:50 · answer #5 · answered by trekker 1 · 0⤊ 0⤋
Ask your bank
2007-11-24 20:13:52 · answer #6 · answered by chrisjj003 3 · 0⤊ 0⤋
Ask the bank, or look them up online.
2007-11-24 21:35:19 · answer #7 · answered by bluebell 7 · 0⤊ 0⤋
go to the bank and ask
2007-11-24 20:11:25 · answer #8 · answered by isabelly 1 · 0⤊ 0⤋
find out the interest pecentage you get on the account first!
2007-11-24 20:11:31 · answer #9 · answered by Zach L 2 · 0⤊ 0⤋