£10 in a National Savings Investment Account

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You'll probably find that you now own RBS

He get a bonus then? :devil:


Gollom: £23.33
SuzyCute: £15.62

P.S. Suzycute says does the winner get a real prize?
 
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It's time!
 
But your username says you don't need to borrow money!
 
So much for the financial advisers on here :rolleyes:.

No bonuses for you guys......

I'm giving Lee my millions to work with.
 
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That's a couple of tankfuls of petrol even at today's prices ----decimal point not withstanding! :thumb:
 
sorry for the delay :)

sweetpea wins.

it was £182.02.

amazing, isn't it, compound interest.

Wow!!!!!

I'm not surprised Shude clicked "thanks" :eek:

Ok I just dug out the old books, the "ordinary" account has £31.31 in it, the "investment" account has £372.42 in it. I've been meaning to send these off since they called time on them about 5 years ago, there is even a blank form inside one of them to close the account.

......opened in the early 80s

If the OP's £10 turns out to be £35 like others have suggested then I will be a very happy chap! :)

You just have to tell us YOUR result Nick! Even my elementary math skills tells me you are sttting on £5K + !!!

Always said that Shude was a splendid chap..... :thumb: :rolleyes:
 
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Well that well exceeded any figures I thought likely.
 
sorry for the delay :)

sweetpea wins.

it was £182.02.

amazing, isn't it, compound interest.

It was quite simple to work out;

Original amount (x) times by the number of years (y) allowing for inflation (z)

























Yes, it was just an educated guess....:D


Where do I go to collect my award?
 
almost 13% pa-- wow! According to Office for national Statistics, RPI was 100 in Jan 1987 and 240 in Dec 2011 so to match inflation, £10 would be £24 now. Interestingly (well - you know what I mean!) they quote the following for motoring cost increases over the same period from a base of 100:

Purchase of motor vehicles 96.0 Maintenance of motor vehicles 376.5 Petrol and oil 391.2 Vehicle tax and insurance 566.0

So- according to the ONS a new car today costs less than it did in 1987. How does that work???
 
Considering the interest rate on these accounts is 0.20% gross/AER...it's more than amazing. But, the interest is taxable Lee.
 
Well that well exceeded any figures I thought likely.

I was blown away .. I was expecting about £30.

Where do I go to collect my award?

look out for your own long lost passbook :)

Considering the interest rate on these accounts is 0.20% gross/AER...it's more than amazing. But, the interest is taxable Lee.

the interest on a per year basis is comfortably within one's annual tax allowace.

not sure if any tax deducted as I haven't had the passbook back yet.
 
Interest is added gross...so not sure how it will work with a pass book.
 

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