abbeys 9% savings rate

regina

HI can anyone tell me about the abbey nationals offer of giving 9% in a savings account bond but you have to save the same amount in an investment account? for 3 years they say that the initial money ivested is guaranteed does anyone think that this is a good investment? thanks.

Baldur

These Abbey products have been discussed at length on this board, the general consensus appears to be that being tied to the low-grade investment product isn't a good idea, as poor performance is likely to significantly reduce the overall return.

johng_uk

regina wrote: »

HI can anyone tell me about the abbey nationals offer of giving 9% in a savings account bond but you have to save the same amount in an investment account? for 3 years they say that the initial money ivested is guaranteed does anyone think that this is a good investment? thanks.

Exactly as Baldur says.

The 9% rate is very attractive, however the attached product is generally regarded as rubbish. Never moreso than in today's shakey economic climate.

regina

thanks i thought that it would be too good to be true.

johng_uk

regina wrote: »

thanks i thought that it would be too good to be true.

Most things in this world that look TGTBT are. Especially in the world of finance!