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ˈin·ter·est ac·count SUBST

interest account SUBST INVEST-FINAN

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Interest is only added when you close the account: that's the way deferred interest accounts work.
www.telegraph.co.uk
For now, you can get comparable returns from some high interest accounts, with zero chance of losing money to market fluctuations.
www.theglobeandmail.com
The interest rates on these accounts are usually slightly lower than the equivalent annual interest accounts.
www.telegraph.co.uk
I save around $400 a month into a 3 per cent interest account, with occasional bonuses from scholarships.
www.nzherald.co.nz
Most accounts pay interest annually, but if you would prefer to receive your interest more regularly, perhaps to augment your income, then you can use a monthly interest account.
www.telegraph.co.uk
Currently the best high interest accounts pay five times inflation - although not for long.
www.telegraph.co.uk
Remember that all these deferred interest accounts have variable interest rates: there are no guarantees that rates will stay the same.
www.telegraph.co.uk
It is also offering a linked high interest account which currently pays 4.5%.
www.fool.com.au
The dividend yield, which at 8% today is far, far superior to the income one might generate by stashing one's cash in a high interest account.
www.proactiveinvestors.com
However, one could argue that the low rate of interest credited to a daily interest account will not keep pace with inflation over the long term.
www.benefitscanada.com

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