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interest on 5% HFX fixed ISA
p00hbear
Posts: 44 Forumite
Is £275 interest on 6k for last years ISA investment good? I'm just thinking it would have been more. Does anyone know of a link to calculate ISA interest?
0
Comments
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I think you mean savings, not investment.
For a full year with £6K starting balance interest is
£6000*AER
£275 corresponds to 4.583% AER
For other than 365 number of days you can use this formula:
I=b*[(1+AER/100)^(n/365)-1]
See: formula for calculating interest?.0 -
Thanks - yes savings...0
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