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NS&I query
Willthefli
Posts: 4 Newbie
Was about to open an account and am a bit confused over the attached. So where does the interest payment go? I assumed it just topped up? 0
Comments
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Interest is paid to your nominated account on 5th of each month. The idea of the Income Bond is that you use the interest as extra monthly income.
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Thought as much. Are there any good ones that retain the interest?0
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Various banks do accounts which pay around 1% interest (compounded) including Marcus and Virgin. I don't think you can do any better unless you lock the money away or go for the NS&I account.0
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