P pingin Registered User Messages 290 10 Sep 2013 #1 Pardon my complete ignorance but am I missing something? According to one comparison site Nationwide UK are offering 5.04% gross on a savings account, while State Savings are giving 14% gross. What's the difference?
Pardon my complete ignorance but am I missing something? According to one comparison site Nationwide UK are offering 5.04% gross on a savings account, while State Savings are giving 14% gross. What's the difference?
V vandriver Registered User Messages 1,964 10 Sep 2013 #2 The time period over which the return is calculated.The 14% state savings is over 6 years(ie about 2% a year compounded).
The time period over which the return is calculated.The 14% state savings is over 6 years(ie about 2% a year compounded).
P pingin Registered User Messages 290 10 Sep 2013 #3 Thanks vandriver. I should have looked more closely!