on a connected note
if you have savings and you also have debt like a credit or store card and some loans almost without fail the money in your savings is loosing you lots off money indeed the average savings rate will be around 1% and the average credit card loan rate will be around 30%
so £100 savings at 1% will be £101 at year end so £1 better off whilst the same £100 put into paying off your credit card will save you at least £30
if you have savings and you also have debt like a credit or store card and some loans almost without fail the money in your savings is loosing you lots off money indeed the average savings rate will be around 1% and the average credit card loan rate will be around 30%
so £100 savings at 1% will be £101 at year end so £1 better off whilst the same £100 put into paying off your credit card will save you at least £30