Tax-free
savings and investments HSBC Bank plc has produced
a free independent guide on the full range of tax-free
investments. Written by a leading personal finance
journalist, the guide is a concise yet comprehensive
booklet to help you explore the options available,
their benefits and drawbacks, and how suitable they
are likely to be for you.
Whether
you are a newcomer in the tax-free investment jungle,
or an established investor looking for more guidance
on the products available, this guide provides clear,
jargon-free and unbiased information.
Find
out more >>
Lloyds
TSB - Term Deposit
-
With
a minimum deposit of £2,000 our Term Deposit offers
you the opportunity to:
-
invest for 1 or 2 years
-
receive
a guaranteed return on your savings
-
enjoy a risk-free investment
-
choose
between having your interest paid annually or monthly
-
have your interest paid automatically without the
deduction of tax if you invest £50,000 and more
-
E-savings
Account
An
account that gives you instant access and convenience
- and it's exclusive to our Online Banking customers.
Key
points:
- Easy
to open with just £1.
- Instant
access to your money day and night.
- Instant
transfers between your Barclays online accounts.
- Tiered
rates so the more you save the more you earn.
If
you open the account with £10,000, you may be eligible
for our free Platinum Banking service.
If your not already a Barclay customer, find
out more and open a current account >>
R85
forms
If
you're a non-taxpayer then it stands to reason that
you, er, shouldn't pay any tax on your savings. However,
banks are required to deduct some tax from the interest
they pay you unless you fill out a form confirming that
you are a non-taxpayer. This is the imaginatively named
Form R85. Fill it in, send it off and, Bingo, the interest
on your savings is now paid to you in full with no tax
deducted. This saves you the bother of having to claim
the tax back via a tax return.
For
more savings advice visit the Motlet Fool >>
Abbey
Lock Away savings bonds are perfect for the really
serious saver. The idea is that you lock your savings
for a year or more and in return you get a fixed rate
of interest.
There
are four Lock Away savings bonds:
-
Online-only
bond guarantees a fixed amount of interest when
you leave your money untouched for a year.
-
Choices
Bond - Lock your money away for a set term and receive
a fixed rate of interest up to 4.80% gross p.a/
AER guaranteed. Alternatively, opt for our 1 year
variable rate bond.
-
If you're 55 or over you can put a chunk of money
away for four years and choose monthly income or
annual interest. Interest rates Calculator Interest
rates Interest rates
-
Under
18's get a guaranteed amount of interest each year
if they lock their cash away for four years.
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