savingsrate
BLME is offering a 2-year fixed rate at 3% and a 5-year fixed rate at 3.25%Using the HL Active Savings cash back deal can take the 2-year rate to a market-beating 3.2% and the 5-year rate to 3.46%.1-year fixed rate being offered by Allica Bank at 2.6%, plus cash back, gives savers a market-leading rate of 2.8%.A 6-month rate is available at 1.85% from Kent Reliance.Q1 2022 hedge fund letters, conferences and more Tom Higham, Head of HL Active Savings, says: “The savings market is moving fast with competition amongst the medium and smaller banks are pushing fixed term savings up with the 6-mont...
ValueWalk
One of the biggest misconceptions is that you need a high income to achieve financial independence. Q3 2020 hedge fund letters, conferences and more Your Savings Rate Is ImportantYour savings rate is much more important than absolute dollars earned. Your savings rate is determined by dividing the amount you saved over the amount you earned. For example, if you earn $250,000/year as a doctor or lawyer, but spend $240,000, you can become financially independent after a long but productive 55 years on the job. Hope you enjoy your occupation, because you would be working well into your 70s or 80s....
ValueWalk
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