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    Monthly or Annual Interest ???
    • #1
    • 31st Mar 05, 10:52 AM
    Monthly or Annual Interest ??? 31st Mar 05 at 10:52 AM

    I plan to open an instant access savings account, however is it better to have interest paid monthly rather than annually on the savings in this account to get the best returns especially if you intend to remove some of the money in the savings account over the course of the year.

    I have seen that ING Direct offer 5% interest and pay monthly interest, are there any other good savings accounts that meets my requirements. The A&L savings is set to 5.35% but pays interest annually.

    I appreciate any advice/guidance that can be given.

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