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Post by michelle1987 on Feb 2, 2008 0:17:49 GMT
hey ladies just though id share this info with you all. dp and i went to open account the other day with kimmys money she got from birth and christening, we were told to place it in a bonds account for five years (this account means you can not add or withdraw from it) the interest is higher than any other acount and you will get a minimum of 14.5% and a max of 30% interest although in some cases as much as 50% interest depending on the stockmarket but if it goes bad you are guranteed your 14.5 interest.
you have to place a minmum of £1000 and its in mine and babes name until she is 18. also she does not get tax on this until she starts work full time. i also opened her a childs account with dirct debits from mine and dps accounts and for birthday money to be placed in for the next five years then we can take all money out and place it with the bonds money and place this into another bond account to get higher interst as ther is more money. the bank is Bank of Ireland i thought id share this with you as it is a safe net knowing that there is a good bit of money placed away to help los if anything happens to us. you could go into ur local banks and see if there is something similar
sorry for the essay lol
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