Thanks to something called compound interest – dubbed the eighth wonder of the world by Einstien if you save £500 a month between the age of 21 and 30 and then don’t touch this money until you are 70 you will have a larger savings pot than someone who starts at 30 and saves £500 a month for 40 years until they are 70*.
Find out more about compound interest by downloading your free savings e-guide now.
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Assuming a 7% rate of interest. See Brochure for full example