Thursday, November 08, 2007

Savings

I read a very interesting email today which had been sent to me by The Motely Fool website. The article said that you need to remember to allow for inflation when you are looking at your interes rate. I currently get 5% on my savings account. Once the tax has been taken away from my interest and it is adjusted for inflation I actually get just 0.1%. It has certainly made me think more carefully about where I put my savings.

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