£600 seems like a lot of interest on £50 a month, unless you've been doing it for a long time, but then most of these 'high interest' accounts don't allow that kind of balance.
ah sorry confusion.
£600 is the principal. I mean £600 principal, plus the interest this generates. The account closes each year, so you start again.
Oh I see! Yeah, that makes sense.
@Sam_w started
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£600 seems like a lot of interest on £50 a month, unless you've been doing it for a long time, but then most of these 'high interest' accounts don't allow that kind of balance.