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Interest paid yearly means what exactly?
whynot_2-2
Posts: 4 Newbie
Hi folks,
Does "Interest paid yearly" means that they pay interest on the amount in the account at the end of the year, ignoring any fluctuations and if you withdraw the money before the end of the year you do not gain anything? I am thinking in particular of the Anglo-Irish instant savings account.
Many thanks,
Why Not
Does "Interest paid yearly" means that they pay interest on the amount in the account at the end of the year, ignoring any fluctuations and if you withdraw the money before the end of the year you do not gain anything? I am thinking in particular of the Anglo-Irish instant savings account.
Many thanks,
Why Not
0
Comments
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If you close your account before the end of the year they will calculate your interest to date and pay it accordinglyI`m now officially too old to die young0
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Thanks folks0
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