Barclays 2 year saver. - HotUKDeals
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Barclays 2 year saver.

£0.00 @
It says 3.00% AER and later on says "interest paid monthly" so do you get 3.00% interest every month or 3.00% paid at the end of the two years? If the later, how much interest do you…
mus_ne Avatar
6y, 4m agoPosted 6 years, 4 months ago
It says 3.00% AER and later on says

"interest paid monthly"

so do you get 3.00% interest every month or 3.00% paid at the end of the two years?

If the later, how much interest do you get a month?
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mus_ne Avatar
6y, 4m agoPosted 6 years, 4 months ago
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#1
http://www.barclays.co.uk/Savings/TwoYearFixedRateSavingsBond/P1242576877978

for example, how much would you get back if you invested around £7k
banned#2
AER = annual equivalent rate
#3
Yea i know that. That didn't answer my question?
#4
Isn't it £210 minus whatever tax you have to pay?
#5
Roughly £14 month after tax has been taken out at standard rate.
banned#6
mus_ne
Yea i know that. That didn't answer my question?

Yes it did! I guess you need reminding:-

so do you get 3.00% interest every month or 3.00% paid at the end of the two years?

so even you can work out 3.0% is the annual rate from my answer lol

in case you need help with the maths for your second question:-

7500 x .03 / 12 = £18.75 gross pcm.

Had to chuckle at you thinking they might be paying 3.0% PER MONTH - WTF!

Edited By: csiman on Oct 27, 2010 14:08: sgrfg
banned#7
Predikuesi
Isn't it £210 minus whatever tax you have to pay?

£225

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