savings account.

[gtidriver]

Evening all, ive found an old post office savings account that ive not touched for years. The last balance/total was £105 that was in 1989. Opening to all carol vorderman wanna be's how much do you think ive gained in interest in all this time.
cheers.

[working class]

I would estimate you will now have a shade under 1.1 million pounds.

Congratulations!

[gtidriver]

bks i thought it was 1.2 million damn.

[Shaw Tarse]

The account has been closed due to lack of interest.

[Mikey G]

You would need to know the interest rate the PO used for every year since then as it has likely to have changed as it goes along.

More than doubled?

[Cotty]

Shaw Tarse said:

The account has been closed due to lack of interest.

I see what you did there

[Ry_B]

Hmm since 1989....£500?

[Somewhatfoolish]

Probably find they deny its existence and therefore practically speaking £0

[Scott330ci]

£154.98

[voicey]

I should be working but here are the numbers assuming a constant rate of interest over 21 years on a act/act basis....

2% 159.14
3% 195.33
4% 239.27
5% 292.53
6% 356.95
7% 434.76

[snowy]

I suspect the account would have been closed by the PO, and the monies returned to HMCE

[bazking69]

21 years? I doubt the account exists according to them anymore.

[eybic]

I had an account set up for me whan I was a baby with Brittania, didn't use it for 25 years, found the book, called them up and they had frozen it!!!!!! no interest earned at all.