rbs sharesave 08/09

gillsmills

Any rbs staff got any info on the sharesave 08/09 just launched- worth a go?

anna42hmr

its 20% discount on average closing share price on 17th/18th/19th december (will be confirmed on 22nd) i will probably pay into it, its not like you buy the shares until the end of the 3/5/7yr term, so you can always have your cash back if you dont want to buy the shares

given the fact that the highest closing share price the last few days has been around 49.5P, then 20% off that, likely that as the market recovers hopefully at the end of the term they will be worth buying at the fixed option price, if not then you pull the money back without buying them and get the bonus. (or if you close before end of the term if you have been paying in for more than 12 months, then you get 2% interest)

opinions4u

I think the bonus rate on a 3 year sharesave is 4.2%aer tax free.

So even if your shares don't do the business, the savings return is pretty good in today's climate.

Pile in what you can safely afford - the big decision comes in 3/5/7 years time.

jebervic

gillsmills wrote: »

Any rbs staff got any info on the sharesave 08/09 just launched- worth a go?

I know that if I would bite their fingers off to buy at these prices !

gillsmills

well have gone ahead and done it online:j

anna42hmr

i have too, looking at the computershare site the option price will be 38pence! will await for official confirmation on that though

anna42hmr

anna42hmr wrote: »

i have too, looking at the computershare site the option price will be 38pence! will await for official confirmation on that though

anyone confirm thats the option price? not been into the office to check the intranet

sabretoothtigger

So you have to be rbs staff for this right

anna42hmr

sabretoothtigger wrote: »

So you have to be rbs staff for this right

yes or like in my case work for a company owned by the rbs group. its a staff share save scheme they have been running for years

anna42hmr

it was definatly 38p

dont forget any one else who is taking it up, only a few days left to apply

Kavanne

38p!!! I will be saving £50 PM for 3 yrs... hoping the shares will at least double in that time!

Where can I keep updated with the RBS share price?