Interest on £10,0000

dora37

Hi,

Would anybody be able to tell me the interest £10,000 would have accrued in a reasonable savings account over the last 10 years?

andyyorks

10000 @ 3% for 10 years = £13,439.17
10000 @ 5% for 10 years = £16,288.95

Pal

Then knock off tax.

dunstonh

For reference and only because I decided to take a peek myself to compare and as I had the information, I may as well post it. A unit trust in UK FTSE Tracker would have been £18,213, £19,757 for UK equity income sector average and £18,099 for UK all companies sector (all after charges at full cost).

cheerfulcat

andyyorks wrote:

10000 @ 3% for 10 years = £13,439.17
10000 @ 5% for 10 years = £16,288.95

Except that rates were far higher than that! -

http://213.225.136.206/mfsd/iadb/fromshowcolumns.asp?Travel=NIxIRxSUx&FromSeries=1&ToSeries=50&DAT=RNG&FD=1&FM=Jan&FY=1995&TD=13&TM=Sep&TY=2005&CSVF=TT&FN=N&C=EPO&html.x=17&html.y=14

Mmmmm, 7% fixed :-)

MrChips

Here are NatWest base rates for the last ten years (date shown is date of change). This should be the same as the BoE base rate I think - it certainly is for recent months. I assume a "decent savings account" would have offered something on a par with this....

NATWESTBASE
02/02/1995 6.75
13/12/1995 6.5
18/01/1996 6.25
08/03/1996 6
06/06/1996 5.75
30/10/1996 6
06/05/1997 6.25
06/06/1997 6.5
10/07/1997 6.75
07/08/1997 7
06/11/1997 7.25
04/06/1998 7.5
08/10/1998 7.25
09/10/1998 7.25
05/11/1998 6.75
10/12/1998 6.25
11/12/1998 6.25
07/01/1999 6
04/02/1999 5.5
08/04/1999 5.25
10/06/1999 5
08/09/1999 5.25
09/09/1999 5.25
04/11/1999 5.5
13/01/2000 5.75
10/02/2000 6
08/02/2001 5.75
05/04/2001 5.5
10/05/2001 5.25
02/08/2001 5
18/09/2001 4.75
04/10/2001 4.5
08/11/2001 4
06/02/2003 3.75
10/07/2003 3.5
06/11/2003 3.75
05/02/2004 4
06/05/2004 4.25
10/06/2004 4.5
05/08/2004 4.75
04/08/2005 4.5