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Interest rate calculation
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mrseyes
Posts: 302 Forumite
Can someone please explain me:
Say for e.g if you have £5000 in saving with 4.76% added to your account twice a year. How this is calcualted?
Thankyou
Say for e.g if you have £5000 in saving with 4.76% added to your account twice a year. How this is calcualted?
Thankyou
0
Comments
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Depends on the T&C for calculation frequency and payment frequency.Happy chappy0
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What is 4.76%? AER? Gross p.a.? And I don't know any accounts paying interest two times a year ...0
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