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can someone work something out for me..

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Comments

  • scheming_gypsy
    scheming_gypsy Posts: 18,410 Forumite
    geoffky wrote: »
    why 0.5% ....


    because from the sound of her first post, he's just got a standard savings account earning 0.5% interest and they want to repay it at the rate of interest that he's currently getting.
    If he had it in a 5.5% account then they'd probably be asking at that rate.
  • amjustagirl
    amjustagirl Posts: 291 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    he's not bothered about moving his money around too much hassle in his eyes, he wont be told!
    Win's of 2014 so far-Maxfactor mascara, £50 Pizza Express Voucher, Dr Oetker Pizza, Nuby sippy cup :j:beer:
  • amjustagirl
    amjustagirl Posts: 291 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    whats a cca? yes health is fine. Ive paid him back 5k already. Borrowed the money 3 years ago.
    Win's of 2014 so far-Maxfactor mascara, £50 Pizza Express Voucher, Dr Oetker Pizza, Nuby sippy cup :j:beer:
  • paddyrg
    paddyrg Posts: 13,543 Forumite
    How about agreeing say paying back a flat rate of a tenner or £20 per month on top of the principal - the faster you pay it off the better for everyone, but he is getting similar interest to the bank, improving as the principal is repaid, but it is easy to account and administer, and allows a little leeway when the base rate changes too.
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