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what does AER mean??
aimo
Posts: 74 Forumite
sorry for sounding silly, my cash isa is paying 2.5% aer, but not sure what that means?
0
Comments
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Annual Equivalent Rate.
It's the easier way to compare savings products which may pay interest at different times.0 -
For a full explanation try :-
http://www.learnmoney.co.uk/banking/bank-46.htmlFor myself I am an optimist - there does not seem to be much use being anything else.
Sir Winston Churchill0
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