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Radio 2 Broadcast

Martin spoke on todays (20/08/04) Jeremy Vine show on Radio 2. Mention was made of a product from Abbey in which you could invest £2500 and you would 'double' your money.

Unfortunately I have no more information than that. If anyone could clarify the exact product and the timescale over which you could 'double' your money then please respond.

I did contact radio 2 directly but they had no information on todays show.

Many thanks

ET

Comments

  • Stitch_3
    Stitch_3 Posts: 64 Forumite
    I think you may have misheard. From what I understood Martin explained to the caller that he would double his INTEREST if he moved his money from his current savings account which was paying something like 2.5% to the Abbey ISA which pays 4.8% interest and he wouldn't have to pay the tax on his interest either.

    See http://forum.moneysavingexpert.com/cgi-bin/yabb/YaBB.cgi?board=ISAs;action=display;num=1080787079v for more info on the Abbey ISA

    Hope this helps clarify. :)
    Nice to save.
  • Stitch,

    Clarifies things immensely, thank you very much. The question was based on information received, well thats my excuse anyway :-/

    Thanks

    ET
  • Stitch_3
    Stitch_3 Posts: 64 Forumite
    Glad to have been of some use. It was my first post on this web site! ;)
    Nice to save.
  • MSE_Martin
    MSE_Martin Posts: 8,272 Money Saving Expert
    Part of the Furniture 1,000 Posts Combo Breaker
    Good question. Totally correct answer! Thanks Stitch for that :)

    (and the national savings investment was 3.05% taxed and abbey is 5.1% untaxed (currently) hence the doubling of interest :) )

    Martin
    Martin Lewis, Money Saving Expert.
    Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
    Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.
    Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
  • Re: Radio 2 Broadcast
    « Reply #4 on: Today at 3:27am »[/quote

    Flippin Eck Martin - do you not bother sleeping???

    ;D ;D ;D

    Neil
    _______________________________

    Formerly known as Gadget Freak!!!
    (oh and i dont know how to change my name...)
  • Stitch_3
    Stitch_3 Posts: 64 Forumite
    Thanks for the praise Martin. I have impressed myself. Heard you on the car radio driving into town with both children talking to me at the same time about different things. ;D

    Unfortunately this was the only bit of your broadcast I heard. :'(

    Thanks for a fantastic website. Stitch :)
    Nice to save.
  • If you go to the BBC website you can hear the entire broadcast again.
  • Stitch_3
    Stitch_3 Posts: 64 Forumite
    Thank you :):):)
    Nice to save.
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