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Accepable Interest?
POWERFULL_2
Posts: 5 Forumite
In 2001 I inested through Nationwide
£2000 in High income Trust and Statement shows inteerst of £350.11
£3000 in Maxi ISA Statement shows interest of £832.45
Over 8 years this is interest of £1082.53 Is this an acceptable return
£2000 in High income Trust and Statement shows inteerst of £350.11
£3000 in Maxi ISA Statement shows interest of £832.45
Over 8 years this is interest of £1082.53 Is this an acceptable return
0
Comments
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you tell us, it was your investment
roughly speaking you made 20% on your original investment over 8 years
or ~2.5% per year. Someone smarter / with more time will calculate it properly for you.
Looking at current interest rates that would seem a good return
but given that rates were possible of above 5% iin cash isas in previous years, perhaps its not so good.
I'm ignoring the fact that you took out an investment with the understanding that returns are not guaranteed and dependent on markets etc0
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