In line with Anglo dropping their rates I've decided to move my money into Nationwide UK. I was reading through their website and I notice the Easy Access Savings Account has the option of paying interest monthly or annually. I remember NR offer the same option but that the AER on having interest paid monthly was lower. I can't see anything to suggest that this is the case with NWUK but I was wondering if anyone else had discovered anyting?
The monthly option appeals to me as I imagine rates will continue to drop and having easy access to the lump sum and accrued interest might prove handy if it turns out theres a better home for my cash elsewhere. However, am I better off simply going with the annual option? Trying to remember my AERs but it's been a while...
The monthly option appeals to me as I imagine rates will continue to drop and having easy access to the lump sum and accrued interest might prove handy if it turns out theres a better home for my cash elsewhere. However, am I better off simply going with the annual option? Trying to remember my AERs but it's been a while...