The trick with finance is to always AVOID the barsteward whose charges and commission lumber you with a dud product that lines his pocket.
First against the wall come the revolution.
No way would I risk my hard earned cash buying into the stock market, It's fine for those who are willing to take the risk. I invested £10000 of my lump sum when I retired in 1999. I lost £9000 of it. Yes..you guessed...I invested in Technology.
Well I suppose I've regained some of my loss. I moved the remaining £1000 into a Managed Income Fund. It's now worth around £3800. It was £4000 but it's gone down again.
You can earn 4% from a Lloyds current account on up to a certain limit. 5% from TSB and Nationwide again with a cap on total balance. Santander is OK too. You just have to pay in a certain amount each month. Once you have the income into one account the income requirement for the others can be recycled around each account.
In/Out shake it all about,
Get the banks paying out!
These interest amounts may change soon though but have been running for years.
A day of all things motorhome and campervan. The show is held both in the main indoor arena and across the grounds. Catering, hot drinks and food options are available. Easy access to the site and free parking included. Win one of five pairs of day tickets
Topic: Premium Bonds
