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    Barclays 2 year saver.

    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?

    9 Comments

    Original Poster

    barclays.co.uk/Sav…978

    for example, how much would you get back if you invested around £7k

    Banned

    AER = annual equivalent rate

    Original Poster

    Yea i know that. That didn't answer my question?

    Isn't it £210 minus whatever tax you have to pay?

    Roughly £14 month after tax has been taken out at standard rate.

    Banned

    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" 27th Oct 2010

    Banned

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

    7500 x .03 / 12 = £18.75 gross pcm.

    Banned

    lol even harder at the prospect of someone paying 3% interest per month - WTF!

    Banned

    Predikuesi

    Isn't it £210 minus whatever tax you have to pay?


    £225
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