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What savings accounts have the best rates according to Money Saving Expert?
The saving accounts that have the best interest rates according to Money Saving Expert is a Sandantar account which has a astonishing 3% annual interest rate.
What are three variables that affect saving money?
time, amount, and interest
How much is the interest if you loan money in an cooperative bank?
It depend on the amount you saving
If the saving rate of individuals in the country declines than how will it effects money market and capital market?
if the saving rate of individual is declines in the country what will be it's effects on money market
Who is the main figurehead of the Money Saving Expert website?
The Money Saving Expert website was founded by Martin Lewis. Martin is a financial journalist with a particular interest in consumer affairs. He has also written two books on the subject of money saving.
Can you save money with a high interest savings account?
Yes, a high interest account is a very desirable savings account because you will gain a decent amount of interest on your money. You will gain much more money if you get compound interest by saving more money into the account monthly.
Where can one find the best saving interest comparison?
One can find the best saving interest comparison on a number of comparison websites. They can be found on 'Compare the Market', 'Go Compare' and 'Money Supermarket'.
What are the component of saving?
Components of saving include the interest rate and the principle amount. The bank also sets how many times they will compound the money.
How do high interest rates affect consumption expenditure?
High interest rates will make saving more attractive to consumers than spending. They will get a higher return on their money if they save it, which leads them to put more of their money into saving. This leaves them with less money to spend resulting in lower consumption
What are the advantages of saving money in the bank?
There are numerous advantages of saving money in a bank for both the person saving the money and others. a. The money you save earns you interest income b. The money you save is lent out as loans to help out others c. The money you save can be withdrawn at any point in future to help you with your financial needs.
How is chemical energy in glucose similar to money in a saving account?
It receives ATP as interest. The body stores glucose to utilize energy when you need it. This is similar to saving money in an account until you need the money for something.
How is the chemical energy in glucose similar to money saving in a account?
It receives ATP as interest. The body stores glucose to utilize energy when you need it. This is similar to saving money in an account until you need the money for something.
