The return of the cash plan
Article Abstract:
It was common in the UK in the 19th century for people to make small, regular payments to a collecting agency as a way of ensuring that they would have financial support in times of ill health. The advent of the NHS largely eliminated this 'self help' approach to healthcare provision. However, the growing realisation that the NHS is seriously overstretched is encouraging people to look again at 'self help' schemes. Some people are unable to invest in private medical insurance, and are therefore looking at cash plans.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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How to cash in on the competition for maturing Tessas
Article Abstract:
Many UK banks and building societies are offering attractive interest rates in an effort to attract funds from maturing Tessa savings accounts. It seems likely that most of the estimated 19 billion pounds sterling of the money now maturing from the first Tessa accounts to be opened will be reinvested, especially as financial institutions are offering improved deals for maturing Tessa holders who do not move their accounts elsewhere. However, attractive deals can be found by savers prepared to move their funds.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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No pain, no gain is the transfer rule
Article Abstract:
It is important when selecting a Tessa savings account to be aware of any penalties which may be levied for withdrawing funds before the end of the five-year term of the account. A large penalty can deter investors from shifting to another account paying more attractive rates of interest. It is worth looking at Tessa accounts which have a low or no-penalty variable rate, as these are likely to offer more competitive rates to savers.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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