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Police Mutual Guaranteed Investment Bond

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Comments

  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    JB9302 wrote: »
    Someone elsewhere had a £10 per week one just mature at £6400 , have you one due soon ?

    How many weeks did they pay their £10 in for?
  • ShootForTheMoon
    ShootForTheMoon Posts: 393 Forumite
    Ninth Anniversary Combo Breaker
    They're all 10 year minimum as far as I know!!!!
    :T DEBT FREE AS OF APRIL 2013! :T
    "I am the master of my fate. I am the captain of my soul"
  • dunstonh
    dunstonh Posts: 121,353 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    They are endowment policies and they had to have a minimum of 10 years to meet qualifying status.
    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.
  • jimjames
    jimjames Posts: 19,264 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    ShootForTheMoon wrote: »
    They're all 10 year minimum as far as I know!!!!

    So pay in £5200 and get back £6400.

    At least they've not lost money although not a great return.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • planteria
    planteria Posts: 5,322 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    is there a guaranteed minimum return if held for the term?
  • JB9302
    JB9302 Posts: 127 Forumite
    edited 11 July 2014 at 11:01PM
    planteria wrote: »
    is there a guaranteed minimum return if held for the term?

    Mine shows £4790 afore the terminal bonus .
  • planteria
    planteria Posts: 5,322 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ok. so putting in 5200 and 4750 is guaranteed? i am investing in friendly societies, but generally with monthly investments which then provide a guaranteed return which is above the total to be invested.
  • le_loup
    le_loup Posts: 4,047 Forumite
    dunstonh wrote: »
    Rubbish. Obsolete. Expensive and not tax efficient.
    I think you should say what you really mean. :p
This discussion has been closed.
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