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Isa % Aer

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djtdjt | 11:30 Thu 11th Apr 2019 | Business & Finance
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Just seen an ad in the paper for TSB, 1.70% AER on fixed term 2 year ISA, in plain speak what does this mean for say a £10,000 investment, what return? Currently with Santander who upped my ISA to 1.50%.
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Avatar Image zebo
Capital x 1.07x1.07
11:32 Thu 11th Apr 2019
Avatar Image zebo
Whoops, typo,
Capital x 1.017x1.017
11:33 Thu 11th Apr 2019
Avatar Image fiction-factory
£10000 after 1 year will be £10170
After 2 years it will be £10343.

The Santander figure is £10302
So, even if the actual calculation is slightly different (eg may be no interest for first few days), it's going to be near enough £40 more than with Santander
13:42 Thu 11th Apr 2019
Avatar Image fiction-factory
You can probably do better outside an ISA as long as your interest is within the tax free allowance (£1000pa or £500 if higher rate taxpayer)
13:44 Thu 11th Apr 2019

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