You are currently comparing the rate of interest offered by various savings accounts and have found two that offer very similar rates of return:

1. 7% per annum, compounding weekly
2. 7.30% per annum, compounding monthly

Which savings account do you prefer?

1. 7% per annum, compounding weekly
2. 7.30% per annum, compounding monthly
3. Not enough information has been provided
4. Savings accounts are identical. Preference depends on whether you want to receive interest payments on a weekly or monthly basis