I have a lump sum to invest max 18/24months but unfortunately I contcted a few banks etc and now inundated with calls, offering a rake of conflicting interet rates, eg 12, month, 18 month, 24 month and so on. But there must be a catch.
How do I do a quick comparison and maths was not my strong point so say I get 5.75% for 12 months at one and 8% for 18 months at another which is best? I reckon its the 5.75% but for calculating purposes is there a simple RR I can apply in case I am wrong?
noa-
How do I do a quick comparison and maths was not my strong point so say I get 5.75% for 12 months at one and 8% for 18 months at another which is best? I reckon its the 5.75% but for calculating purposes is there a simple RR I can apply in case I am wrong?
noa-