How much can you earn in interest per year from a1 million pounds

1) “Assuming just a simple high interest savings account then you would be looking at an interest rate around 6% – 6.5%

So at 6% you would earn 60,000 interest and at 6.5% you would earn 65,000 interest (though of course you would probably have to pay tax on that somewhere)”

Source and further information:

http://www.affiliates4u.com/forums/affiliate-marketing-lounge/63402-1-000-000-1-million-pounds.html

“The factors that will determine how much you will earn on your million pounds are:

- The interest rate

- How long you save it for without withdrawing any money

- Whether you are paid interest daily, monthly or annually”

3) Further information:

http://uk.answers.yahoo.com/question/index?qid=20070802154538AAF754e

http://answers.yahoo.com/question/index?qid=20061115065837AAzU1Yl

“What about a higher interest rate of 6%, compounded monthly?

1 year: 61,678″

Source and further information:

http://monevator.com/2008/12/15/how-much-interest-do-you-earn-on-a-million-pounds/

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