Interest on £70000?

rosegirl36

My partner and i have seperated and are selling house, i will have about £70000 as a deposit for a new house.I am staying with a friend until i find a house.My question is how much interest could i earn in 6 months on that amount, i do not want the money tied up, in case i find somewhere,thanks

Norman_Castle

At a guestimate 2.2% about £750

colsten

Norman_Castle wrote: »

At a guestimate 2.2% about £750

where where where?

Norman_Castle

colsten wrote: »

where where where?

From Guestimate Building Society .

ceredigion

Norman_Castle wrote: »

At a guestimate 2.2% about £750

70K and no joint account. No chance

rosegirl36

might a better question be, how much interest per month?as i need to be flexible

CLAPTON

rosegirl36 wrote: »

My partner and i have seperated and are selling house, i will have about £70000 as a deposit for a new house.I am staying with a friend until i find a house.My question is how much interest could i earn in 6 months on that amount, i do not want the money tied up, in case i find somewhere,thanks

by way of example

70,0000 at
1% is about £ 58 per month (70,000 x 1% /12)
1.5% is 87.5 per month (70,000 x 1.5% /12)

so depends upon what saving account you have

check out the main section on this website under savings

tigerspill

Maybe start with Santander 123 and get 2.4% after BRT on 20K

2010

tigerspill wrote: »

Maybe start with Santander 123 and get 2.4% after BRT on 20K

And the other £50k with Virgin Defned account paying 1.35% gross.

TheTracker

Norman_Castle wrote: »

At a guestimate 2.2% about £750

colsten wrote: »

where where where?

ceredigion wrote: »

70K and no joint account. No chance

4.5k @ 5% in Nationwide, TSB
5k @ 4% in Lloyds
41k @ 3% in Santander, BOS, Tesco
19.5k @ 1.35% in any of many (eg Tesco)

My calc's show 2.2%pa net return after BR tax, or £767, minus £14 (6 months plus 1) fee in Santander = £753

apt

Plus you can feed £400 per month into the 4% Club Lloyds monthly saver.