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Inflation
MoneyWaster2007
Posts: 422 Forumite
I don't believe it...I'm being paid 2.23% gross AER on my savings in a cash ISA - the best rate I could get for any easy access account, but the rate of inflation is 3.2%. So although my money is earning interest on a monthly basis, it is actually losing value because the AER is less than the rate of inflation.
Bloody banks!
Bloody banks!
Total in ISAs = £8,863.50
0
Comments
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Only the very rich make money from moneyGRADUATED FIRST CLASS WITH HONORS FROM THE SCHOOL OF HARD KNOCKS RECOMENDED READ IF BY RUDYARD KIPLING0
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