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Best savings account

nickkinneg · 2015-07-09 20:29:50

Hi there want to ask someone in the know. What does 1.25 % variable gross/AER mean? I was looking at the rabodirect notice savers 30 account. So say I invested 5000 in that account how much would I have after a year? Sorry but not familiar with interest rate and financial terminology. Which is currently the best savings…

09-07-2015 8:29pm

#1

nickkinneg

Registered Users, Registered Users 2 Posts: 110 ✭✭

Join Date: May 2011

Posts: 98

Hi there want to ask someone in the know. What does 1.25 % variable gross/AER mean? I was looking at the rabodirect notice savers 30 account. So say I invested 5000 in that account how much would I have after a year? Sorry but not familiar with interest rate and financial terminology. Which is currently the best savings account on the market? If someone could explain this in plain terms or plain English, I would really appreciate it. I have no intention of going near a tax/investment advisor nor invest in shares cos I don't understand any of it. Thanks

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