/ Jargons

AER


AER stands for the Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year. The higher the AER, the better the return you will receive.

The Annual Equivalent Rate shows you a truer picture of what you can expect if you keep your money in a certain account for a whole year, making it easier to compare different accounts and rates side-by-side.

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AER
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