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!
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!
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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