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How much interest you will earn on \u00a3300,000 is likely to be determined by the type of savings account you have, the rate it pays and the level of access that you need. You can usually get a better rate if you're willing to give a certain amount of notice before making withdrawals or to commit to not making withdrawals at all for an agreed period. Plus, since you can invest \u00a320,000 each year into an ISA, part of your savings can earn you tax-free interest. We scour savings rates daily to help you find a good home for your hard-earned \u00a3300,000.<\/p>\n\n
We scan the savings market daily and automatically update the best offers highlighted throughout this guide.<\/p>\n\n
With \u00a3300,000 in Chase's easy access account paying 4.5%<\/a>, you could earn \u00a313,500.00 over a year, or \u00a31,125.00 per month. Stafford Railway Building Society's 4.26% 180-day notice account <\/a> would pay \u00a312,780.00 over a year (\u00a31,065.00 monthly) on \u00a3300,000, while MBNA's 12-month fixed rate bond would pay \u00a314,550.00 over a year (\u00a31,212.50 monthly).<\/p>\n\n If you opted to put the first \u00a320,000 of your savings into an ISA, that could earn \u00a3944.00 over a year, or \u00a378.67 per month in Secure Trust Bank's easy access cash ISA paying 4.72%<\/a>. \u00a320,000 in Dudley Building Society's 3.95% 30-day notice account <\/a> would pay \u00a3790.00 over a year (\u00a365.83 monthly), while \u00a320,000 in Secure Trust Bank's 4.72% 2-year fixed-rate ISA <\/a> would pay \u00a3944.00 over a year (\u00a378.67 monthly).<\/p>\n\n\n\n