I'm afriad oldtimer is right despite his advancing age.
Your interest at the end of 75 days would be 10000*5.5%*75/365, so about €113.
Always look at the AER. It's the easiest way to compare deals. It's effectively the return you would get if you invested the sum for a year, i.e. every 75 days you got back your 10,000 + interest and reinvested the lot at the same rate for a year
I'm afriad oldtimer is right despite his advancing age.
Your interest at the end of 75 days would be 10000*5.5%*75/365, so about €113.
Always look at the AER. It's the easiest way to compare deals. It's effectively the return you would get if you invested the sum for a year, i.e. every 75 days you got back your 10,000 + interest and reinvested the lot at the same rate for a year
75 day term is very odd, as depending on what day of the week you open it it may not be exactly 75 days. also, the ad looks like it was for Paddypower...not sure what horseracing has to do with 75 day term...