callum9999 wrote: »
You're making no sense?
As they understood it (and how I understand it - but am sceptical I've got it right), the only difference is you will have a bigger digit written down next to your name for 3 years.
If you aren't allowed to make a withdrawal for 3 years, it makes zero difference when you are paid the interest within the period. It makes so little sense to me that I'm sure it must have been explained wrong?
Interest for the full three years is paid into the current account on the day after the term of the account begins which is either 1 December, 1 January or 1 February, depending on when you apply
bigsev wrote: »
What about inflation? The cash now will have more value than in 3 years. Shouldn't this be factored in as well?
mcdaly wrote: »
It makes sense to me. Get the interest upfront in time for christmas or better yet stick the interest you earn into their e-saver at 3.1% and compound it and you are quids in. On my calculations you will end up better off than the other 3 yr deals if you do this.
mixie wrote: »
. . . you can take that interest and invest it elsewhere at a better rate immediately. Wouldn't that give you more than just investing the original capital elsewhere?
New plans have just been announced by the Government
DON'T assume your landlord covers you
Incl £2ish sun cream & £1.50 disposable BBQs