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Did Kaupthing Calculate My Interest Correct?
ChloeRadshaw
Posts: 137 Forumite
I put 38K into a 3 year kaupthing account on end of Feb (28 Feb) -
I then closed this account down on 1 Aug and the account balance was 38,784.97 meaning interest of just £784 for five months
Is this correct ? What APR have I actually receieved?
I then closed this account down on 1 Aug and the account balance was 38,784.97 meaning interest of just £784 for five months
Is this correct ? What APR have I actually receieved?
0
Comments
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4.92% presumably after tax - which would make it 6.15% gross0
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Yes. They've paid you at the 6.16% 'break rate' we discussed in your other thread...ChloeRadshaw wrote: »Is this correct ?
http://forums.moneysavingexpert.com/showthread.html?t=1056391
£38,000 x 6.16% / 365 x 153 x 0.8 = £784.970
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