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.
I mean if you find a regular saver that allows you to leave the principal for the interest to compound that would be great, but suspect that is wishful thinking...
@Howard started
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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.