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saving £10 a month for 10 years
scottishf
Posts: 1,190 Forumite
What is the best way of doing this to make the most money ? I have 2 axa policies about to mature, and i'm not really impressed with the results of that!!
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Comments
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You are never going to get much gain on only saving/investing £10 a month.0
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Indeed. I've just made a little calculation: assume you are paying £10 a month and earning a ridiculous high interest rate of 10%. After 10 years the total amount of interest you will have earned is £262.97 (including compound interest and assuming that you are a non tax-payer).You are never going to get much gain on only saving/investing £10 a month.0
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