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Where to invest £7000
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Does this mean I'll have to deposit £1000 each month after the initial £2500 to benefit from the 5% for the 12 months?
Have you read post 7 above carefully? Paragraph 5?0 -
p/a not p/m - the 5% is the annual interest rate!Also.. I'm not too brushed up on this so apologies but 5% of £2500 is £125 right? So that's what I'll be getting p/m?
Strictly speaking, with a FlexDirect constantly funded to the brim (preventing interest from compounding), you'd earn the gross rate of 4.89% for £122.25 over the year rather than the 5% AER....0
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