At current interest rates the estimated balance of a £1,000 deposit would be £1,038.46 after 12 months (non leap year).
Initial Deposit: £1,000
Estimated Balance after 12 months: £1,038.46
Initial Deposit: £250,000
Estimated Balance after 12 months: £259,615.44
Initial Deposit: £1,000,000
Estimated Balance after 12 months: £1,038,461.75
These examples are illustrative only and are based on the assumption that the initial deposit does not change throughout the period, there are no changes to the rate and interest is paid back into the Voyage Reserve account on a monthly basis.