Motley Fool: The Trouble With Instant Access Savings
October 12th, 2006 | POSTED BY ROB
If you withdraw money from ordinary savings accounts without giving considerable notice then you are penalised, usually with loss of interest and possibly a charge. Instant access accounts are different because they are about being able to withdraw money quickly without penalty.
Or so I thought! But if you make withdrawals from some instant accounts, you can lose out on interest….
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