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    Default Re: how to double your money!?

    Quote Originally Posted by superheavyrhun View Post
    Quote Originally Posted by yvonne View Post
    Put into a ISA account and leave it in during the uk tax year(April to april)for 12months,and you'll get interest on it tax free within a year.
    The quesion was how to double your money, not make 1.8% interest tax-free!
    Are interest rates that low in the UK?

    If so, all I can say is wow! I just opened a new savings acocunt last week out here and the interest was 4.9%. Anything less and your money is effectively shrinking in real terms anyway.
    Last edited by Gandalf; 01-02-2010 at 12:17 AM.

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