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1. Informational Purposes Only
This interest calculator tool is provided for informational and educational purposes only. It is designed to assist users in performing mathematical calculations of compound interest based on Bank of England base rates plus a user-defined margin.
2. No Professional Advice
The use of this calculator does not constitute legal, financial, accounting, or professional advice of any kind. Users should not rely solely on the calculations provided by this tool for any legal or financial decisions. This tool is not a substitute for professional advice from qualified experts in law, finance or accounting.
3. Accuracy and Verification
While reasonable care has been taken in the design and implementation of this calculator, no representation or warranty is given as to the completeness or accuracy of the results. Users must independently verify all calculations and assumptions. The accuracy of any calculation depends entirely on the correctness and completeness of the data entered by the user.
4. User Responsibility
Users are solely responsible for:
- Verifying the contractual terms governing any interest calculation, including the applicable margin, compounding convention, and day-count basis
- Ensuring that input data is accurate and complete
- Reviewing and validating all calculation outputs before use
- Seeking independent professional advice where appropriate
- Understanding that this tool performs mathematical calculations only and does not interpret contractual rights or obligations
5. Limitation of Liability
To the fullest extent permitted by law, we accept no liability for any loss, damage, cost, or expense (whether direct, indirect, or consequential) arising from or in connection with the use of this calculator or reliance on any results it produces. This includes, but is not limited to, losses arising from errors, inaccuracies, or omissions in the calculations.
6. Data Sources
Historical Bank of England base rate data is provided for convenience and is believed to be accurate based on publicly available information. However, users should verify rate data independently from official sources.
7. Changes to Terms
These terms may be updated from time to time. Continued use of the calculator constitutes acceptance of any revised terms.
8. Acceptance
By using this calculator, you acknowledge that you have read, understood, and agree to be bound by these Terms of Use.