Guaranteed but no hurry to buy
Article Abstract:
Guaranteed income bonds (GIBs) are often issued by UK smaller insurance companies to raise funds for expansion. Bought with a lump sum investment, GIBs can be a good source of steady income for as long as five years. The best yields are offered by bonds, purchased when interest rates were high, when these rates plunge. Those interested in investing in GIBs are reminded that the most advantageous rates are offered during periods when interest rates are escalating. It would be a mistake to take out a bond during periods when interest rates are depressed then suddenly rise radically. Other important issues that would-be investors in GIBs should consider are the length of time the capital can be tied up and the likelihood of increases in interest rates. Baronworth Investment Services issues a weekly list of best buys in the guaranteed income bond market.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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Deposited abroad
Article Abstract:
Foreign currency accounts that are not intended for such purposes as investments, businesses and tax payment deferrals can be time-saving and cost-effective means of making financial transactions out of the country. Furthermore, these accounts are serviceable when intending to exploit foreign exchange trends. Selection of a suitable bank account in any foreign currency entails evaluation of risks and services being offered by a bank instead of interest rates and charges. Most banks offer deposit accounts in various currencies. This allows an investor to change currencies anytime without any fee except for the foreign exchange commission. Foreign currency accounts of such banks as Tyndall Bank, Charterhouse Bank, Midland Bank, the Bank of Scotland, National Westminster Bank and Barclays are mentioned.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
User Contributions:
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