Can anyone tell me how to calculate the total amount of money that can be accumulated on regular saver a/c's @ 8%, 7.5%, 7.15% etc?
Eg Anglo Irish reg saver a/c 8%......If I invest the max €1000 per month, how much will I have accumulated in 12 months time? (€12K + how much interest?
Also is one better to remove this cash in 12 months and put in a lump sum savings a/c? eg 6% Irish Natiowide a/c or will the "old money" continue to accumulate interest in the regular savers a/c after one year?
Thanks in advance......just tryin to maxamise my returns
Eg Anglo Irish reg saver a/c 8%......If I invest the max €1000 per month, how much will I have accumulated in 12 months time? (€12K + how much interest?
Also is one better to remove this cash in 12 months and put in a lump sum savings a/c? eg 6% Irish Natiowide a/c or will the "old money" continue to accumulate interest in the regular savers a/c after one year?
Thanks in advance......just tryin to maxamise my returns