Just tried to shred some old paper trails and found an old savings book with a balance of 1100.00. Is there somewhere a way of computing the value without loading 300 odd Bank of England base rate changes since 1981? ( My wife can't remember squirreling the money away, but I am just curious as to todates value!) Naturally, I am also pleased to save this document from the shredder :-) Fred
Surely you must be aware of the trick which banks have been using in recent decades. They operate dozens of different "type" of savings account, and go throught cycles of making them obsolete and replacing them with fancy new ones.
The new ones pay moderately acceptable rates of interest, while the rates on the obsolete ones get smaller and smaller.
You're sure to find that the old savings account to which the book is tied will have had its interest rate reduced to well below 1% by the mid 80s. I'd be surprised if the account was now worth more than £1500. Or was it guaranteed to track the BoE base rate forever?
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