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How does 4.5% AER pay just £27 interest on £1,200 in a year?
Comments
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Multiply the MONTHLY subscription by 6.5 to get the average balance, and multiply that by the interest rate. Assumes equal sized months, and subscription paid on same day each month.
Eco Miser
Saving money for well over half a century0 -
Use the MSE Regular Saver Calculator https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/#regsavercalc0
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