interest rates
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3) Personal Finance Friday: A Guide To Credit Cards
A credit card is like a Swiss Army knife in the financial toolkit – versatile and handy, but if used recklessly, potentially hazardous. With a single swipe, doors of opportunity swing open; you can essentially buy anything with it. However, it’s crucial to fully understand this tool in order to harness its benefits without being…
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Why you should avoid the 5-8% High Street Bank savings rates
Saving money in a high interest bank account seems responsible. But even 5% interest doesn’t compete with 7-10% average stock market returns over long timeframes. Let’s compare John who saved £10K in a 5% savings account versus investing it. After 35 years, John’s savings earn him just £25K interest. Meanwhile, investing at 8% over the…