Shopping & Style1 min ago
Interest rate calculation!
2 Answers
Can any clever person tell me .. if I sold my house I would make a profit of �90,000. If I kept this in a savings account of as high interest as possible, how much interest would it earn per month? ie- if I wanted to try and spend only the interest and leave the rest in tact.
Many thanks
Many thanks
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.Scarlett, I did exactly that. I have the proceeds of the sale of my property with Alliance & Leicester Direct Saver. �95,000 brings me �387 per month. If I draw on any of the capital though I will not get the interest that month - instant access and you cannot hold more than �100,000 in that account. Enjoy!