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FirstDirect regular savings is actually max 2.7% ?? And not 6%??
Comments
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And this poster...They're not alone in misunderstanding how interest rates work.
This poster thought they could make easy money from a 2Yr 4%ISA fed from 1year fixed saver on 11th hour of 1st year ISA anniversary.
https://forums.moneysavingexpert.com/discussion/51556510 -
As already mentioned not all of the money is earning 6% but the money yet to be transferred isn't necessarily earning nothing either
Check out the MSE regular savings calculator with the drip feed option to get an idea
http://www.moneysavingexpert.com/savings/best-regular-savings-accounts#savingscalc0
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