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Is it me but doesn’t it seem like we’ve been here before? The Greek crisis seems to have been dragging on longer than the Trojan War. It has been vacillating from spikes of on-the-brink debt refinancing, to periods where it has been seemingly out of the news altogether. But this time things appear different, more...
If you’re looking for a high interest savings account that’s not a Fixed Rate Bond, chances are that the best savings rates you’ll see will have an introductory bonus. The bonus forms part of the interest rate for a time (usually for up to 12 months of you opening the account).
The bonus part of the rate is normally fixed, but it’s worth remembering that your interest rate can still go down or up in this time, as the underlying rate will be variable.
Because the bonus is only paid for an initial period when you take out the account, you should review your account when it expires and if necessary move, in order to continue to get the best return on your savings.