D
Dantes
Guest
Hi,
When setting up my FA Regular Saver A/C, I was told that interest would be paid quarterly, and only on the money I had lodged that quarter. So what I'm wondering is should I remove the money I have saved after every quarter when I get the interest and shift it to say the eSaver account?
Example:
I lodge 1000 a month for 3 months = 3000, I then get interest on this.
Now from what I was told, if I do the same for the next quarter I will get the same despite leaving the 3k+ form the last quarter. This seems wrong to me?
If it is the case then I should pull the money every quarter and place in another savings account?
Thanks in advance!
When setting up my FA Regular Saver A/C, I was told that interest would be paid quarterly, and only on the money I had lodged that quarter. So what I'm wondering is should I remove the money I have saved after every quarter when I get the interest and shift it to say the eSaver account?
Example:
I lodge 1000 a month for 3 months = 3000, I then get interest on this.
Now from what I was told, if I do the same for the next quarter I will get the same despite leaving the 3k+ form the last quarter. This seems wrong to me?
If it is the case then I should pull the money every quarter and place in another savings account?
Thanks in advance!