Travel insurance for older people "makes sense" by Finance News Bulletin
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Published: 04/12/07
The UK banked a evidence amount of savings between April and June of this day new figures have shown, with some £386 million put away for a rainy daylight hoursPremium Bond's operator National Savings & asset (NSI) has announced that it is to create ten people millionaires to celebrate its 50th birthdayThe average mature in the UK has almost double the recommended minimum financial 'safety mesh' squirreled away in their bank accounts, according to Birmingham Midshires
Spokesperson for the solid Steve Gracey said: "If you are dedicating a exacting service or product to this age group then going beyond 60 or 65 makes senseHe explained that the foreword of policies for older travelers will "provide a real benefit", next research by the company that exposed 92 per cent of travel cover policies impose an upper age limitAccording to over 50s cover provider Saga, for one-third of older travelers escapade was rated an significant feature of their tripMore than half of over 50s plan to take long-haul trips and journey more regularly, claims Alliance & Leicester
The bulk also rated travelling as more
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What's A Guarantee Worth? - Published:18/10/07
The Bank of England's base rate is at its uppermost height since April 2001 and currently stands at 575% a year also, the global credit squeeze has pushed up the price of borrowing and improved returns to savers Hence, British savers are nowadays enjoying some of the highest interest rates since the turn of the centuryAlas, picking the right investments account remains far from simple, as there are least four thousand dissimilar accounts from which to choose What's more, as competition for savers' cash has intensified, providers are becoming more and more cunning at beating away terms and conditions in the small printTherefore, when shopping around for a top investments account, be certain to look beyond the juicy headline rate to learn what lies under For example, you may find that your explanation comes with strings attached, such as:1) An introductory bonus which last for, say, six to twelve months Once this preliminary offer ends, your interest rate can go from table-topping to ordinary during the night2) Notice or access restrictions which limit the figure of withdrawals you can make in a day3) Interest penalties One clever deception is to pay no interest on your entire balance in any month during which you make any withdrawals In other language, taking out £5 could cost you a month's interest on your whole pot Yuk4) A rate guarantee which promises to keep your savings speed above a certain level for a specific periodToday, I'd like to review the last of these conditions: the interest-rate assurance A rate assurance of any form may come into view comforting, but some of these promises aren't worth very much at allAccording to Fool partner Moneyfacts, over ninety investments accounts have speed guarantees, and some provide extended guarantees over long periods of time However, each guarantee is delicately different, so you need to take the time to figure them out For example, here are five financial records which offer rate guarantees to savers:Issue 2650fundamental rate equal to base rate until 30/06/10Age 60+ No notice Rate includes 075% extra for 12 months Only one bough withdrawal per monthIssue 6645At least 03% above bottom rate to 01/09/08, then at least 015% above bottom rate to 01/09/0960-day notice Up to 3 withdrawals per year; additional withdrawals on defeat of 90 days' interest2nd Issue640At least 025% above bottom rate until 15/10/08, then at least base rate until 15/10/09Early right of entry on loss of 80 days' interest until 15/10/08, then 40 days' interest misplaced 15/10/09 Notice- and penalty-free withdrawals thereafterfollower Online631No lower than 050% below base rate until further noticeNo notice Rate includes 106% extra for a dayOnline Savings625055% above base rate for 6 months, then 045% above base speed for next 6 months, then equal to base rate in day 2 and 025% below base rate in day 3No notice Age 50+So, what do these guarantees come to, assuming the base speed remains at its present level of 575%Coventry BS: your yearly interest rate won't fall below 650% in the first day and then won't drop below 575% until 30 June 2010Nottingham BS: At least 605% until 1 September 2008 and then at least 590% until 1 September 2009Saga: At least 63% for six months and 62% for the next six months, then 575% for a day and 55% in day threeAlthough all five of these accounts currently pay at least 625% a day before tax, these rates all eventually fall back below 6% a day -- and even as low as 525% Thus, you can see that there is very little guarantee with many rate promises These guarantees certainly put on't pledge to keep your account at the top table in the long sprint Indeed, all you get is a minimum ‘collar' to which the speed can fallFinally, if you fancy a savings account which pays a far above the ground rate of interest and includes a rate guarantee, then here are two favourites among trick readers:More: Find ace financial records in our savings centre | Parents: Make 10% A Year | easy Savings, Great Rates© Copyright 1998-2007, The Motley Fool Limited All human rights reserved This material is for personal use onlyPlace of Reg: England & Wales corporation Reg No: 3736872 VAT Reg No: 735 7818 01 Registered Office:.
Read More: What's A Guarantee Worth? >>Saga car insurance for older drivers - Published:10/09/07
A price comparison site for over-50s looking for car cover has been launched by Saga, it has been announcedConfidentCovercom is made to measure for older drivers who are interested in getting a improved deal on their car insurance, Saga claimsApproximately 70 per cent of those over the age of 50 have been to an aggregator online to look at car insurance, investigate showsAndrew Goodsell, chief executive, Saga Group, said: "nowadays's over-50s are increasingly web-savvy"However, a figure told us that they were not confident that they would get the cover they wanted if they used a generic cost comparison site So we created ConfidentCovercom in reply to that need"A full 83 per cent of those surveyed by Saga said that they thought most price comparison sites put near to the ground premiums above every other factor and failed to take into account many important rule detailsMeanwhile, Sainsbury's Bank has found that of those who mean to buy a car in the next six months, 185 per.
Read More: Saga Car Insurance For Older Drivers >>Six Of The Best Accounts For Silver Savers - Published:05/09/07
Around a third of the UK inhabitants (about 20 million) is old fifty and over So the over fifties market is growing along with its spending and, of course, its saving powerIt isn't astonishing then that the number of savings accounts which target this era group is rising fast Now this sounds like a great idea, but do silver investor accounts actually offer extra incentives where ordinary savings accounts can'tI've trawled through the terms and conditions of the top six accounts but there doesn't appear to be any exclusive skin which put them ahead of the game Silver investor financial records offer many of the same benefits as traditional financial records: higher introductory extra rates, ongoing guarantees related to the base rate, instant right of entry and so on However, all the accounts shown do present a monthly interest-rate option which can be particularly useful for income seekersIt would appear gray saver-branded accounts are more of a method to encourage loyalty without necessarily being superior crop But, that said, the best instant access and notice financial records do measure up well to the rest of the market and are at least worth considering when you need a house for your savingsI've taken a look at the savings accounts which are specially branded for the over fifties and sixties Here are the most spirited ones I can find for the silver savers among youAs you can see from the bench you won't be eligible for certain accounts until you arrive at sixty so watch out for this If you prefer to run your explanation by phone or through a branch you may need to hunt a little further as most are internet-only Of the top six, Coventry Building civilization and Stroud & Swindon allow you to operate your account by customary means, but they have higher smallest amount deposits and require notice before you can get your hands on your cashThe rates of interest surely keep pace with the competition and it's likely to earn a better rate through a gray saver account than you would get from an equivalent normal account In fact, a search through the range of simple access savings accounts in The Fool's investments centre reveals that half of the top six accounts are marketed for silver savers, so there are definitely high-quality deals out there to be hadInterestingly, if you can afford to lock absent some of your savings, the same can't be said of fixed-rate bonds where the silver savers now don't charge as well The best silver saver offering is Saga's one year set Rate Savings Bond which pays 660% (AER) But this can't compete with customary accounts such as Abbey's one year wonderful Bond which has an attractive interest rate of 810% (AER) If you're looking for a fixed-rate bond it's probably better to head down the normal savings account routeOther products which are specifically meant at the silver generation include Pensioners Guaranteed Income Bonds from nationwide Savings & Investments (NS&I) These are for savers who put on't need access to their money and are after the security of a certain fixed monthly return But you'll only earn interest at a speed between 533% and 543% (AER) depending on whether you choose a one, two or five-year tie which doesn't compare well with normal fixed-rate bondsHowever, on a more positive note, NS&I pensioners bonds are particularly appropriate for non-taxpayers The interest is taxable but it'll be paid to you with no tax deducted which means you won't have to total an internal Revenue form to receive your interest grossThe usual recommendation is to shop around to find the savings account which is most suitable for you and the same is true here If you're part of the silver generation, by all means take a look at what gray savers have to offer, but put on't ignore the wider market© Copyright 1998-2007, The Motley trick Limited All rights reserved This material is for individual use onlyPlace of Reg: England & Wales Company Reg No: 3736872 VAT Reg No: 735 7818 01 Registered.
Read More: Six Of The Best Accounts For Silver Savers >>