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    I currently have a current and instant saver saving account with RBS.

    So I get
    0.50 AER%
    0.50 Gross rate p.a%
    0.40 Net rate p.a %

    Does higher AER means better interest rate?
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    To be honest its all pretty awful youre still loosing money in your account with those pitiful figures and quite a lot if you think about it...
    Switch to a better account, if you can find one abroad if you dont mind holding the money away for a while foreign accounts are paying far better interest and with the pound on a lovely downward spiral [which we can only pray continues] youll not only make money on the interestr but also on the change back to sterling
 
 
 
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