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  • opinions4u
    opinions4u Posts: 19,411 Forumite
    bloaty wrote: »
    I paid an initial deposit of £500 then £500 for the next 12 months and only had £260.81 after tax.
    Looks about right to me.
    Martin's calculator says it should be £300?
    The account only runs for 12 months. If you've typed in 1 year and 1 month to the calculator it will give you 13 months interest on the first payments (not 12), 12 months on the second payments (not 11) and so on.

    I think the 12 month figure should be around £256. You have earned an extra £4 from the last payment.
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