Can anyone tell me.....

rothers

.....roughly what average yearly percentage the investment below grew at? Also, is this a good return or not?

In Feb 2000 I took out a regular saver with the PMAS, saving £13 per calendar month. It has now matured (after 10 years) with a value of £1711.19.

Thanks in advance

happybroker

much less than 1% compound i think.

Charterhouse

About 1.86% a year. Not great really at all. What does PMAS stand for - Personally Mutilating All Savings?

happybroker

Charterhouse wrote: »

About 1.86% a year. Not great really at all. What does PMAS stand for - Personally Mutilating All Savings?

if it was simple interest it would work out atless than 1% a year.....much less than that compound.

somethingcorporate

happybroker wrote: »

if it was simple interest it would work out atless than 1% a year.....much less than that compound.

Did you want to show your working? I make it closer to 2% compound...I have been known to be wrong though!

Edit: I got the figure using excel and then tried on a calculator to back it up: http://www.math.com/students/calculators/source/compound.htm

happybroker

credit where it's due....shouting at the Abbey whilst trying to work this out was never going to work in hindsight and I am completely wrong!!

getmore4less

http://www.whatsthecost.com/savings.aspx

1.84%

rothers

Thanks for all your replies, it would appear to be pretty rubbish!

Is a possible reason for this the fact that the stock market is down at the minute?

getmore4less

happybroker wrote: »

if it was simple interest it would work out atless than 1% a year.....much less than that compound.

How do you work that out?

happybroker

getmore4less wrote: »

How do you work that out?

please see my subsequent post and accept my most profuse apologies

getmore4less

happybroker wrote: »

please see my subsequent post and accept my most profuse apologies

Sorry missed it.