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Fixed Account

Posted on May 5, 2010.
Fixed AccountShould I open a variable interest rate or a fixed account?

is the interest rate for savings accounts likely to rise in the next year?

the account has a fixed interest of 5.75%, while the account variable interest of 4.75%.

Most savings accounts are variable.

Interest rates will increase some come late fall, but not much. Not until next year. If you can get the fixed rate just over a year's time then move on, then I'd do that.

Which vehicle offers fixed and variable account, the banks

set

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