Savings artcle in today's Sunday Express

hansi

Jenne Mannion has an article on savings where it states that Covenrty BS have an instant access savings account paying 5.25% AER. What it doesn't say is that it is a Family Saver Account and no available to us childless couples!

sneekymum

You should get some children - in addition to the interest from your Family Saver Account you can get loads of money from Tax Credits and then even more if you reduce your family income through pension donations.

We've got three - it would certainly pay to get some more - I wonder what the optimum number is....

deemy2004

Best strategy would be to go unemployed and have 4 or 5 and the state with pay for everything including giving you a detached mansion, £50k gross equivalent per year.........


This country........ :rolleyes:


For the worker bee's there is not really any gain cos of the costs of children.

Though back on topic - The coventry account is EXCELLANT ! As basically, its a fixed rate 5.25% account for 1 year ! And there arn't any around at the moment !

So shuv in a lump sum and your made....

sneekymum

No - I can't agree - Low Income sponges more than Unemployed. Self-employed is best as you don't actually have to do very much at all. Although children can be a pain.

Is Family Saver Account an ISA? I can't believe the number of folks who jump at a seemingly good interest rate and then pay 20% tax on it!