Radio 2 Broadcast

Options
Etrigan
Etrigan Posts: 2 Newbie
in ISAs & tax-free savings
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
    Options
    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.
  • Etrigan
    Etrigan Posts: 2 Newbie
    Options
    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
    Options
    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
    First Post First Anniversary Combo Breaker
    Options
    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
  • CurryKing_2
    CurryKing_2 Posts: 183 Forumite
    Options
    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
    Options
    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.
  • Margaret_Millne
    Margaret_Millne Posts: 313 Forumite
    Options
    If you go to the BBC website you can hear the entire broadcast again.
  • Stitch_3
    Stitch_3 Posts: 64 Forumite
    Options
    Thank you :):):)
    Nice to save.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.5K Banking & Borrowing
  • 250.2K Reduce Debt & Boost Income
  • 449.9K Spending & Discounts
  • 235.7K Work, Benefits & Business
  • 608.6K Mortgages, Homes & Bills
  • 173.2K Life & Family
  • 248.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards