Help calculating Halifax ISA interest earnings?
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Written on: 25.12.2009 [13:33]
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Aileen
Aileen
Topic creator
Posts: 2
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I was hoping to try and calculate how much I would earn from Halifax ISA interest if I were to invest the maximum into the cash isa. I really am hopeless with these things and I have no idea how the interest is calculated or how often it is paid in. Do they pay by the day or by the year? I have heard people asking that before, but I am not sure how this would make a difference. |
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Written on: 31.12.2009 [22:48]
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Peters
Peters
Posts: 4
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Well you would have to give us more details if you want us to let you know how much. Like how much is the maximum in your situation? This year the rates went up but only for people of certain ages. Also what rate you are on/would be on, if you have not yet taken it out. If you come back with this information, I would be more than happy to help you. |
| Also very interesting: | |
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Written on: 02.01.2010 [15:25]
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Lucas
Lucas
Posts: 5
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The reason that it is different if it is paid either per day or per year is that imagine if you had £100 and each day you added 5% then the next day you would have £105 but then times that by 5% and you get £110.25 imagine if you do this every day, it would certainly be a lot more than one lump sum. However I doubt that the ISA would be calculated this way, it would amount to too much. |
