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Evening Standard
Evening Standard
Vicky Shaw

Moving money to savings account at end of month ‘simple step’ to higher returns

Chase
Chase said compounding interest is a ‘powerful tool’ that enables savings to ramp up over time (Yui Mok/PA) - (PA Archive)

A quarter (24%) of people leave money sitting in current accounts at the end of the month rather than moving it into a savings account, according to a survey.

Many current accounts pay zero or little interest, meaning people could be at risk of seeing inflation erode the real value of their cash.

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