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savings rate confusion
trixy68
Posts: 1 Newbie
y'all seem quite bright out there so as a newcomer i thought i'd ask for some help.
I invested in a 6 month fixed rate bond which has now matured with nothing like the interest I expected. when I asked ''why so low'' the chap replied that that was the ammount after tax. I have used the savings calculator on this site and post tax it comes up with nearly double the amount! Yes, I put in 6 mnths to calculate. am I missing something? how do they calculate this so differently to me or MSE? arrrh!
thanks 4 listening!
0
Comments
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how much did you put in, what interest rate, how much did you get0
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Sounds like the OP was thinking they'd receive 12 months interest on a six month bond.0
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