Localfund.com - All about Fund and Investment
*Home>>>Investment Account

How to calculate my investment in general investment account?


i have opened a general investment account recently. i put myr 500 for a period of 3 months. the bank stated that the profit rate for 3 months is 2.74. i'll get 70% and the bank will get 30%.

how would i know how much i've made after 3 months?

thanks.

The online calculator I use will not let me enter anything less than 1 year.

But, in 1 year, a $500 deposit at 2.74% with no additional deposits will only earn $14.
So even if this was for a whole year and you only got to keep 70%, you would end up with $9.80.

You would be better off putting the money in a regular savings account where you get to keep all of the interest.

Tags
  Investment Company   Investment Calculator   Investment Bank   Investment Advice   Investment Account   Invest Money   Invest in Gold   Invest Fund   Income Fund
Related information
  • Question about National Savings bank investment account...?

    First, check with the bank. In the US after 13 years they would have turned the money over to the state, and a claim can be filed. I think you are in the UK so it may be different there.

    ...
  • Can I open an investment account in the USA?

    With GBP 2,000, you are not likely to ignite a lot of interest in the U.S. Most U.S. financial institutions would not open an account for a foreign customer, unless the customers has USD 5,000 - 1...

  • If I want to involve several family members into one investment account?

    The best advice I can give you is to clearly spell everything out in a contract. If you want to form an actual business entity, you should probably consider a limited partnership if one person will...

  • Is it a good idea to hold ETFs in a taxable investment account?

    Yes. ETFs are very tax efficient, and provide a low cost way to build a diversified portfolio. Because ETFs are traded like stocks, there is a commission every time you buy or sell. For this r...

  • What is the best way to open an investment account for a 1 year old child?

    Get some dividend reinvestment plans going. You can give anyone up to $11,500 a year (I think that's the current amount, but check). Put the money into stocks where the dividends are reinves...

  • How do I find an online investment account that suits my needs?

    $200 is not enough to byuy shares with. Buy a CD(certificate of Deposit) with it. When you have tiny amounts of money, commissions and acct charges will decimate your little nest egg.

    ...
  • Can I move the money in my investment account to an account on Etrade?

    You should be able to move it, but the new account might not be willing to accept shares in the fund. If they don't, you'd have to sell the shares in Putnam Growth and transfer the cash ...

  • Does Charles Schwab charge you to withdraw money from your investment account?

    I am a long time Schwab (and TD) Customer and I am not an employee of any brokerage firm. Transfer out assets means you do an institution to institution transfer of your assets (stock, bonds, Ca...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster