Many happy returns
Article Abstract:
Savings schemes are available at all levels of saving. Building societies or bank deposit accounts are appropriate for monthly savings of 10 pounds sterling or less. Stock market investment in unit trusts is worthwhile for monthly sums of 20-50 pounds. Individual share investment may be suitable for savings of 100 pounds per month. The fixed return of National Savings can offset the risks from share price fluctuation. However, pensions are the most cost-effective savings through tax-relief on contributions.
Publication Name: Nursing Times
Subject: Health
ISSN: 0954-7762
Year: 1993
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Places of interest
Article Abstract:
Interest-paying current accounts may not be cost-effective for cash handling. Many banks and building societies have lowered interest rates and increased charges to meet high costs of managing such accounts. For example, Barclays Bank PLC maintains an average balance of 600 pounds sterling is necessary to cover costs of 40 pounds per annum. However, more than 50% fail to achieve this. Interest earned may not compensate for high charges and ordinary current accounts may be more cost-effective.
Publication Name: Nursing Times
Subject: Health
ISSN: 0954-7762
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
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