With a £50 per monthly deposit, you would have saved £600 in 12 months.
With our compounding interest you could earn £1,189.31
Giving you a total balance of £1,789.31
Interest Rate: 16% (monthly)
Effective Annual Rate: 493.6%
Calculation period: 12 months.
*The Interest is paid 31 days after you have credited your account.