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yearly or monthly Intrest
KUXXXY
Posts: 2 Newbie
Hello
I want to invest around 500 in an Isa, would i be better of if i got a monthly intrest paid ot yearly intrest paid.
As Barclays are doing an Isa for 6.5% with yearly intrest paid and
ING Direct are doing 6.55% for the first 6 months then 6% with a monthly intrest paid, Can anyone help me im so confused.
:rolleyes:
I want to invest around 500 in an Isa, would i be better of if i got a monthly intrest paid ot yearly intrest paid.
As Barclays are doing an Isa for 6.5% with yearly intrest paid and
ING Direct are doing 6.55% for the first 6 months then 6% with a monthly intrest paid, Can anyone help me im so confused.
:rolleyes:
0
Comments
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Easiest way of deciding is to look for the AER % rates which both should indicate in their marketing.
Without looking at the details of these two ISAs, I would guess that Barclays is better - especially for the long-term. Only advantage I would see for ING is if you thought you were going to make a withdrawal (which you can't re-pay into the account) soon after the six-month point.0
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