Fideroiste
Registered User
- Messages
- 38
Hi guys,
I was thinking of getting one of those Investec accounts, I was trying to work out what would be the optimium amount of money to put into the account that would earn the most amount of interest but would mean that the money would not exceed the English government guarantee over the period of the 6 mths.
My best rough % estimate earned by the money of the 6 mths would be 2 3/4%. If one put in €50,000 into the account that would equate to €2,750 over the 6 mth term excluding tax, would I be correct? Would a greater margin of difference between the maximum of the guarantee & €50,000 need to be kept in the event that Sterling & Euro return to near parity? Would the government tax be 21.5% on the interest? Any corrections would be appreciated!!
Thanks,
Fi.
I was thinking of getting one of those Investec accounts, I was trying to work out what would be the optimium amount of money to put into the account that would earn the most amount of interest but would mean that the money would not exceed the English government guarantee over the period of the 6 mths.
My best rough % estimate earned by the money of the 6 mths would be 2 3/4%. If one put in €50,000 into the account that would equate to €2,750 over the 6 mth term excluding tax, would I be correct? Would a greater margin of difference between the maximum of the guarantee & €50,000 need to be kept in the event that Sterling & Euro return to near parity? Would the government tax be 21.5% on the interest? Any corrections would be appreciated!!
Thanks,
Fi.