investment interest and term, amortization for 5 yr term

waterfrontbooks · #1 Jul 31, 2007, 09:43 AM

I would like to know if I invest 10,000 into a secure low risk investment for a 5 year term at compound interest, could anyone advise me of which bank to use and what my return is per year compounded.

Thank you!

ebaines · Aug 1, 2007, 11:41 AM

You can try any one of several on-line savings accounts. At HSBC, for example, the rate is 5.05%. It's simple to set up - you link it to your checking and you can move money in or out at will. Pays a lot better than most money markets or savings accounts at "brick and mortar" banks.



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