how much interest will i get with 3k

Anddos

cheers mate, thats the sort of thing i need

Anddos

so i think i need to put in 440 pound per month right , thats if its a new year

now i am thinking how much left i have to pay for this current year and work out how many months left and how much to pay per month for this year , hmmmm

Reaper

Anddos wrote: »

so i think i need to put in 440 pound per month right , thats if its a new year

No, my figures are not valid for adding the money gradually during the year. As I said they assumed you put the maximum amount in at the start of the year. If you add it gradually throughout the year the interest earned will be a lot lower. That's because the money has spent less time in the account.

For example you could not put £5340 in the day before the end of the year and expect to receive the entire 4.5% interest on it the very next day.