Quick understanding required

ian-d

Thanks dag, made perfect sense to me, so we are either both now completely wrong, or I now have an understanding on how it works.

For me, the monthly paid interest of the KTE account is the one in question, so my calculated net is based roughly on 5.09%, which works for me. Whilst slightly worse off (based on 20% tax) I prefer monthly interest than annual, as I like to see it going in often. I also don't like getting tied into fixed term agreements, even if they can be cancelled with minimal penalties (like the current KTE ones!)