could anyone tell me if i am dreaming that this interest is very low?
i started a first active regular savers account in january. i save €400 a month. after the first quarter(this is when the interest is added) my money earned €16. therefore €16 on €1600 for 4 months savings. the rate is 7.15% aer.
this just seems very low to me, i've contacted first active but they've told me they've to look up the system. they're not sure of it themselves
possibly it accumulates over the year? sorry if this is a really stupid question, but i'd prefer to ask silly questions here than appear to be a complete twit on the phone to them!
i started a first active regular savers account in january. i save €400 a month. after the first quarter(this is when the interest is added) my money earned €16. therefore €16 on €1600 for 4 months savings. the rate is 7.15% aer.
this just seems very low to me, i've contacted first active but they've told me they've to look up the system. they're not sure of it themselves
possibly it accumulates over the year? sorry if this is a really stupid question, but i'd prefer to ask silly questions here than appear to be a complete twit on the phone to them!