Example: saving £200/month, with 3% interest compounded monthly - after a year you'll have saved £2,400 and earned £40 interest. Ok, day to day, £40 is real mo

Example: saving £200/month, with 3% interest compounded monthly - after a year you'll have saved £2,400 and earned £40 interest. Ok, day to day, £40 is real money. But £2.4k vs £2.44k, over a year of your life? I don't agree that's worth worrying about. Not if worrying about finding the best rate means choosing a bank with shit customer service or a shit website etc, which could ultimately lead to indecision, inaction, and saving less money. Maybe you're more disciplined than me though :)