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Am I calculating the switch benefit correct?

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Am I calculating the switch benefit correct?

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
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chris112chris112 Forumite
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edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
i currently have £15k in a Shawbrook bank easy access ISA paying 1.42% interest (paid monthly)
and have now seen Coventry B.S offer 1.49% (paid monthly)

so am seeing if i get much more by switching and my novice calculations are:

£15,000 * 0.0007 = £10.50 more interest, per year

is this correct?

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