It is quite clear in their terms and conditions but they may not want to spell it out to you. They are paying 7% at the moment but they can change that anytime, to-morrow, next month, next year, anytime. They give no commitment as to how long it will stay at 7%. You are talking about year 2 - try and get through year 1 first at 7% - you might be lucky. Don't know what you mean by ''you get your 7% on the whole lot.'' Remember you only get interest on what you have saved. It is not a case of saving €750 per month and at the end of 12 months get 7% of 12x€750=€9.000. Have another good study of the terms and conditions.