I've nothing to do with the forestry plan.
I'm quite new to the whole savings game, and am just looking for somewhere to invest spare cash from my paycheck, or put a few grand in an account which will make the money grow.
I thought banks did compound interest on their savings accounts, but
maybe I'm missing something, as I was in First Active, asking about
their regular savings account, which pays 7.15 % but you don't earn
interest on the interest. The guy said most other savings accounts, are
not compound interest. So even if I put in 500 euro per month, at the
end of 12 months, the guys said I would only earn 42 euro interest.
I wish I knew how they calculated these things.