/ how much interest will i earn on 100 000?

How much interest will I earn on 100 000?

how much interest will I earn on 100 000?

With the current interest rates being so low you won't earn very much on 100 000.

If you, however, reinvest your earnings then you could potentially earn a lot.

There are lots of investment options where you could potentially see more interest than what is currently available for savings accounts in the UK.

There are:

ETFs
Index funds
Hedge funds
Mutual funds

The current average UK saving rate on 100 000 is 1.5% easy access or up to 2.6% fixed.

With a rate of 1% compounded monthly you will earn 2,019.28 in interest on 100 000 after 2 years.

With a rate of 1.5% compounded monthly you will earn 3,043.52 in interest on 100 000 after 2 years.

With a rate of 2.5% compounded monthly you will earn 5,121.64 in interest on 100 000 after 2 years.

With a rate of 3.5% compounded monthly you will earn 7,239.89in interest on 100 000 after 2 years.

With a rate of 4.5% compounded monthly you will earn 9,399.01 in interest on 100 000 after 2 years.

With a rate of 5.5% compounded monthly you will earn 11,599.76 in interest on 100 000 after 2 years.

As you can see from the above compound interest is the true power here. So if you want to earn more you should consider reinvesting your earnings.

When investing over £85,000 in a particular account you should consider that the financial services compensation scheme only covers up to £85,000 per account.

PS. This is not financial advice.

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