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How To Get Good Interest On Savings

Self Development : Money

Many people who save money get frustrated at the slow rate at which their money grows. Typically, the tax they pay on negligible interest means the money actually devalues over time!

If you have savings of ?1000 or more then you should ensure that you take the time to do research into the highest interest rate that you could earn. Of course these vary from time to time, but at most times there will be an account with around 4% or so interest being offered.

If you contrast that with a bank account that might be 0.1% then you could get 40x the interest. Over the course of the year that could be quite a significant amount of money.


By: Stephen

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