savings rate confusion

trixy68

y'all seem quite bright out there so as a newcomer i thought i'd ask for some help.
I invested in a 6 month fixed rate bond which has now matured with nothing like the interest I expected. when I asked ''why so low'' the chap replied that that was the ammount after tax. I have used the savings calculator on this site and post tax it comes up with nearly double the amount! Yes, I put in 6 mnths to calculate. am I missing something? how do they calculate this so differently to me or MSE? arrrh!
thanks 4 listening!

oldfella

how much did you put in, what interest rate, how much did you get

evenasus

Sounds like the OP was thinking they'd receive 12 months interest on a six month bond.