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help us to invest
joannemarie_2
Posts: 2 Newbie
we have been informed that there is a uk account that if you invested 75k you were given 5k. you were able to obtain a regular income from the interest. Trouble is that I cant find it anywhere.....can anyone assist.
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Comments
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Nope, never heard of that one.
Can guarantee you'd be at the back of a VERY long line of MSEers if there was! A bank giving away money - not in the UK I don't think!
Urban legend IMHO - but if the source that "informed" you wants to name them - my skates will be on soonest for a visit to-morrow morning.0 -
Possibly some form of "income bond" with introductory cashback - main problem with these schemes is that your original capital tends to vanish rather quickly.
You could do the same yourself - keep £5k and put the other £70k in a savings account. Would give you around £3.8k income a year (before tax, if any), but the value of your £70k goes down by inflation.0 -
It could exist as an investment product but cant think of any savings product.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Unless you had multiple personalities and did HSBC's £20 sign up offer 200 times...I'm an Investment Manager. Any comments I make on this board should be not be construed as advice, and are for general information purposes only.0
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