What do you find confusing about savings?

(Andy) #21

Compound interest is a good shout, equally important for loans as well. Took me a while to explain to my mum how it works on loans


All I ask is please don’t label any savings account that pays less than 5% as ‘high interest savings’, when I get a loan from a bank and it charges 3% interest I guarantee you they don’t label it as a ‘high interest loan’.