Park Christmas Savings

scottsharron

Help.

My wife has mentioned that we should start saving with Park, the Christmas savings people, however after what happened with Farepack i'm concerned. Especially with the current Economic climate.

In the end if we go for the High Street Shopping Vouchers could we find that they are worthless? Look at what happened with Wollies and Zavvi, they stopped excepting vouchers.

Scott

mcjordi

personally i would open/use a savings account, and puit the money u'd save with park in to it and spend at xmas - cash accepted everywhere
park is a safe bet as the money you save with them has to be put into a goverment backed scheme

woolworths/zavvi etc are the main reason why i have never bought gift vouchers,

RHYSDAD

Just put cash in a saver account. Crap interest rates at the moment but hell of a safer bet than a company like Park.....

DCFC79

Ive always wondered why do people use park, just open a savings account and pay into that

pogofish

Yup, I have yet to see one of these schemes that could not be easily bettered by some other form of conventional saving &/or shopping around.

IME, most of the folk who used them were usually low paid people on workplace pay-up schemes, so there was sometimes a social element. Often folk who were living hand to mouth anyway & unused to conventional saving. Or people like my relatives in the Western Isles who until fairly recently were far away from a wide variety of shops/consumer goods. The older ones still talk with fondness of days "when the hamper arrived from Glasgow" & they had all sorts of things they never saw in the shops there.