The savings bank of edinburgh pays compound interest on savings at the rate of 6% per annum..?the savings bank of edinburgh pays compound interest on savings at the rate of 6% per annum.. how much interest would you get on a deposit of £780 after 3years? | |
It's just a few pence short of £150 interest after 3 years.
The closing balance, after 3 full years, is £929 - give or take a few pence.
To add to the previous answer - 20% tax will be deducted, unless you are a non-taxpayer, in which case you need to fill in a form declaring so.
