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@takecare8990 I know full well what it means, but again your maths is wrong. NatWest literally tells you if you max the 2400 you can get max £103 which is 4.3% I relate don't understand how much self convincing you got in you. £2400 lump sum in a 5% would beat it. The key is that it's fixed for...

@takecare8990 Sure but you are limited to a 12 month time period (fixed period not forever) with a fixed maximum amount so you are effectively not. Doesn't matter if it's times by 8% in the calculation if the 8% is then divided over less and less time remaining. If you have £2400 to save today...

@a71 My bad I wasn't sure as I had the conversation with other people before on reddit and they were so convinced I was wrong! Glad I am not the only one seeing through this, although I also worked in accounting (not qualified) within audit data analytics and this sort of recalculation was part...

@a71 Not sure if it's sarcasm but it's a very simple interest income calculation. If you don't wanna do the maths you get a max of £103 from what NatWest says on the website and that's on a total of £2400 (if you max it for the 12 months) that's around 4.3% interest appreciation over a...

@takecare8990 8% for a year tho not forever lmao, on the second installment of 200 pounds is already less than 8% on the total 400 as it's 11 months/12 left etc.. the total after a year assuming you max it out is around 4.3% of equivalent total interest

@heartnsoul19 It's not really 8% after the first £200 pounds, assuming you put 200 in the first day you open the account.