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Desperately seeking income

Article Abstract:

UK investors focusing on income should benefit from a rise in interest rates since the cycle appears to have reached its lowest point in fall 1996. A rate rise may be delayed until after elections since mortgage rates would rise which would lead to lost votes. Interest rates are low in money terms, but investors with enough funds in some accounts are still achieving rates above inflation rates. Rates are higher if notice is given before withdrawals, and tax-exempt special savings accounts (Tessas) can provide tax advantages for savers prepared to commit funds for five years.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
DEPOSITORY INSTITUTIONS, Deposit Money Banks, Analysis, Depositories (Banking)

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Set your rate today for more jam tomorrow

Article Abstract:

United Kingdom fixed rate savings products are suitable for investors who forecast a drop in interest rates and who are prepared to commit funds for some time. Many economists forecast that United Kingdom interest rates have peaked, and they see UK interest rates as likely to drop if the UK joins European monetary union, which appears likely. There are penalties for investors seeking access to savings prior to maturity dates. Tax advantages may also be lost from tax free products if early access is needed.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
Personal Financial Mgmt

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Six easy ways to stash cash

Article Abstract:

There are a number of United Kingdom savings accounts offering good rates for investors who make regular payments and do not make withdrawals, or make them infrequently. Withdrawals are expensive for building societies and banks, so they aim to reward investors for not making them. Standing orders can be set up to make payments from a bank into a savings account every month, but few accounts pay good interest rates and permit accounts to be started with small sums.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998

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Subjects list: United Kingdom, Personal finance, Interest rates, Savings accounts
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