you are right grasscarp after I typed posting I realised you gave me the cal re the £8,000.
In your opinion - the cash isa is expiring 2016 - i know there are bonuses and ups and downs re this - would I better lifting it now and putting in CU where it could achieve 3%-4% per annum
Personally I cant comment on what you should do for the future. As you can see it has performed well where it is. I think you have to be qualified to give financial advice.
4% of 8000 = 320 pounds. so if it is simple interest you get another 4% each year ie. 320 x 3.
If it is compound interest, each year you work out the original sum plus the interest x 4% ie. 8320 x 4% for the second year etc
(My ISA rate of interest is worse than last year.)
well to all who answered I am sure it is not 4% but you certainly taught my percentages. When I was putting the money I have got I was actually dividing through Alice now I multiply by either 3% or 4% - no I don't think the ISAs are even matching that. Will give them a little buzz maybe today (sat) or Mon for curiousity sake.