We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Help calculating how much interest I owe

I wonder if anybody is able to help me. I borrowed some money from a friend that I have just been able to repay.
I borrowed:-
£35,000 on the 1/12/2005 and
£15,000 on the 14/08/2008.

My friend withdrew the money from their Abbey Esaver account so we agreed that when I repaid I would pay interest equal to what the money would have earned in their Abbey eSaver account for the £200,000+tier.
I have today repaid the £35,000 and £5,000 of the £15,000 loan.
However, I don't know where to beging to work out what interest I should reapy them. It doesn't need to be that accurate but I don't know how to even get to a ball park figure - can anybody help or point me to some resources where I can work this out? Thanks

Comments

  • cashbackproblems
    cashbackproblems Posts: 1,826 Forumite
    WHat is the interest rate on his account, then it should be pretty straight forward.
  • That's the problem - I can't find the historical interest rate anywhere. If I could find historical interest rates for another hiigh deposit UK savings account then that would help.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.