ice save

lukese

hi im currently with egg and have a saving account with them, im thinking of moving it to ice save on a monthly intrest rate of 5.56%

how much intrest a month will i get on £3000?


also how do i work it out for my self so i dont have to ask silly questions again!


thanks




edit: i thnk i work it out as 5.56/12 to get teh monthly rate yeah?? i worked it out at around 12£ a month which is bloody good i think

meanmachine_2

After 20% tax, the rate is 4.56 (compounded)

You'll get approx £11 a month.

But it's better to use your tax-free ISA allowance up first.