state saving 10 year saving bond

eamo15

Registered User
Messages
50
A simple question but I am wondering can you save with these 10 year saving bonds by purchasing them monthly say 200 a month into ten year saving bonds after a few years it would accomplish a great return of 25 percent when they mature...or can you only buy one 10 year savings bond???advice needed
 
You can purchase them monthly like how you outline above.

120k is the max you can have in state savings.
 
Not sure about the
it would accomplish a great return of 25 percent
bit

Admittedly given the alternatives at the moment it is attractively priced but "great"
 
"120k is the max you can have in state savings." - not correct.

[broken link removed]
 
Admittedly given the alternatives at the moment it is attractively priced but "great"
Sarcastically, I'd say the thing that makes the ten year savings bond return "great" is the current savage level of DIRT. 25% return = 2.26% AER, which grosses up to 3.82% when compared to a deposit that is liable to 41% DIRT. The bottom line is that it's impossible to get a decent return from deposits, but it's not just because the rates are at historic lows -- the government grabs more than twice as much of your return as before the financial crisis. I wonder if they plan to address this in the upcoming budget.
 
Back
Top