Deposit Accounts

If you are looking for a savings account that gives you a passbook and gross interest, then it is worth considering the Investment Account from National Savings. It will give your money a safe home and your original capital will remain safe. All National Savings products are backed by HM Treasury and are therefore one of the few homes for your savings and investments which guarantee absolute security for your cash.

The Investment Account is "deposit-based" which means that you can always get back at least the money you paid in. If interest has built up then you will get your original cash back, plus extra. This means that they are ideal for savings that you don't want to take any risk with. They could form the safe core part of your investment strategy if you are planning to diversify and spread your money around products that have different levels of risk. Or they could be your main holding, for example if you were retired and you wanted somewhere really secure.

 

The interest is paid gross - ie before tax - so it is ideal for non-taxpayers. If you do pay income tax you will need to declare this to the Inland Revenue. It's easy to pay money into your account - either at your local Post Office, by post, or by setting up a standing order which transfers regular amounts into your investment account.

Click here to look at other savings accounts.

Below are links relating to Deposit Accounts:

Are you getting the best deal for your home insurance? It pays to shop around - visit us at www.insurances.co.uk to help you find the best rates available.

www.Investments.co.uk covers every type of investment available in the UK. You can also visit us at www.Investments.co.uk/Property_Investments for everything you need to know about investing your money in property.

 



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