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Which is best?
234d
Posts: 18 Forumite
Which is best, 2% gross yearly interest on £250 a month savings or 1% gross yearly on £3000?
And how do I work it out myself using Excel?
And how do I work it out myself using Excel?
0
Comments
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Well 1% on £3,000 is £30
If you only saved into the RS you'd get £32.40, but the money not in the RS wouldn't be earning nothing. If it was in the 1% account and you drip fed it you'd get £46
Check out the MSE regular savings calculator http://www.moneysavingexpert.com/savings/best-regular-savings-accounts#calculator0
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