Post Office Christmas club to be launched in 2008 - Published:19/11/07
A new Post Office Christmas club has been announced for 2008, which could give UK customers a way to save up to buy giftsTo be available at all Post Office branches from January, the scheme will require a minimum solitary deposit of £5 and a maximum person payment of £500The money will be unavailable until November 1st, 2008, after which the club certificate can be used to pay for purchases with associate retailers in the scheme Funds on the card can also be exchanged for present vouchersPost Office managing director Alan heat commented: "As one of the UK's most trusted brands with an unparalleled sell network, we are responding to the need for a safe and convenient way for populace.
Read More:
Post Office Christmas Club To Be Launched In 2008 >>
Earn 7% If You're Over 50 - Published:30/10/07
One thing that's bound to get my notice is the launch of an account paying a market most important rate After all, we work hard for our money, so the least we can do is put it in an account so it can do the same for usSo, unsurprisingly, the new coalition & Leicester (A&L) Premier 50 current account piqued my interest It's offering a headline rate of 7%AER set until 30109) to anyone aged over fifty, on balances up to £2,500 What's more, it also offers a 0% EAR overdraft facility for the first 12 months And if you're thinking that this sounds attractive similar to its Premier Direct account (paying 65%AER), it is and it isn'tOn the plus side, different the Premier Direct account you don't need to pay in a set journal income (the PD account requires at least £500 to be paid in each month) The prime minister 50 also offers a figure of benefits, including worldwide travel insurance (up until age 79) and health benefits, counting access to up to two private out-patient consultations and up to £750 towards out-patient diagnostic difficult per year as well as access to 24/7 Health at give helplineInterestingly, account holders can also use the Post Office, in addition to A&L branches, the telephone and internet to carry out transactions on their accounts, which could save a trip or two for many into townSounds pretty good doesn't it So what's the no-win situation Well, as you've probably guessed this doesn't all approach for gratis; indeed the Premier 50 account, unlike the Premier Direct is a supposed packaged account, meaning that it's not free - you'll need to disburse £10 per month to take one outWell, usual readers will know my usual opinion of packaged accounts -- why disburse for banking when you can still get it for free Although banks will argue that their benefits package far outweighs the cost, many people put on't use all of the extras, or with a bit of effort could find that they can get similar cover for far less than £120 per yearHowever, while this can be the case for young, comparatively healthy adults, things can change radically once we start to get older -- and insurers know this Indeed, most older travellers (in exacting those with pre-existing circumstances can find the cost of travel insurance rises significantly with age, and can surely be far more luxurious than £120 per yearAnother issue that I've found with packaged accounts offering yearly travel insurance policies is that they often only insure combined account holders if they're travelling together -- should you need to take a trip alone you'd find you'd have to take out alternative wrap I gave Alliance & Leicester a quick call to inquire about this and found that it isn't the case here: combined account holders are still covered if travelling unconnectedly In addition, the insurance will cover a figure of pre-existing conditions, but you'd require to have this determined on an individual basisIndeed, I grudgingly have to confess that, for a packaged account this isn't a awful one Joint account holders in particular could get pretty good worth -- especially as each holder would be entitled to the two private out-patient checkup consultations What's more, if you know someone with an coalition & Leicester bank explanation already, by making use of the "Recommend a Friend" endorsement you could both get a free £40If you're over fifty and keen to button current account, I would therefore say to obviously check out the free financial records first If you're receiving an income of more than £500 a month and are in pretty high-quality health, the A&L Premier Direct account offers a great rate with no journal chargeHowever, it could be well worth also checking out the A&L Premier 50 account It's hard to create a sweeping generalisation as we all have dissimilar needs (and health issues) but if you're a eager traveller (and have found travel cover policies expensive in the past), would use the health benefits, and tend to keep a high equilibrium in your current explanation, it could be a good explanation for youGive them a call, tell them your situation and get them to do the hard labor and check how useful it could be for you - and most importantly work out whether you would be economy money by paying the £120 per year (if necessary, call for some cover quotes to see now how much an annual policy would cost) Indeed, as this is the only current account meant specifically at the over-fifties, we may just find it's the first of many to approach© Copyright 1998-2007, The Motley Fool Limited All rights reserved This material is for personal use onlyput of Reg: England & Wales corporation Reg No: 3736872 VAT Reg No: 735 7818 01 Registered Office: 30 Great Pulteney road,.
Read More:
Earn 7% If You're Over 50 >>
Call to cut trust fund time limit - Published:04/11/06
Parents should have less time to decide where to invest their child faith fund (CTF) vouchers, a leading provider of the funds has saidAt present, parents have a day to invest the CTF After that occasion, the government invests it for themBut this grace period for investment should be slash to three months CTF provider Family savings has saidThe group argued many children are missing out on interest because their parents fail to invest the CTF voucherIt added that parents contributing £20 a month to the CTF their child would lose £645 as a consequence of delaying opening the account for a year"Parents are not only missing out on up to £645 in lost enlargement, but they are robbing themselves of the opportunity to invest with the provider of their choice," John Reeve, chief executive of Family savings, saidAt the same time, a Post Office survey suggested that one in four parents who had inward a CTF voucher in the past year had not yet invested itThe CTF is a government savings plan, aimed at encouraging children to save and to help them get a start in lifeEvery child natural in the UK on or after 1 September 2002 was.
Read More:
Call To Cut Trust Fund Time Limit >>
