P359 Teletext 359 May 5 00:01:10
NATIONAL SAVINGS TELETEXT 04/05
PASSBOOK ACCOUNTS/INVESTMENT OPTIONS
ORDINARY ACCOUNT:- Instant access
savings with a passbook. First £70 of
interest tax-free. (Current rate 1.5%pa
standard and 2.5%pa higher)N
INVESTMENT ACCOUNT:- A regular savings
account with tiered interest paid gross
(Current rate 4.75%pa-5.5%pa depending
on amount invested.)
FIRST OPTION BONDS:- Invest a lump sum
and earn tax-paid interest at a
guaranteed rate of 6.0% gross (4.8%pa
net assuming tax at 20%) for 1 yr.Bonds
of £20,000 + earn bonus of 0.25% gross
for 1 yr. (Invest £1,000 - £250,000)
GOVERNMENT STOCK (GILTS):- Enjoy
regular interest paid gross plus a
possibility of capital gain.
(Note the value of gilts can fall as
well as rise)N
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