#6
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Also if its 50p in 2 years from when you pay the money in it will be akward wouldnt it?
Imagine setting up a direct debit for say £20 a month and then 2 years later from every month paid you get the 50p per pound.
So it will be added gradually over a longer period.
Am very tempted though to put some in and start saving for Disneyland Florida Smile
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#7
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the max amount you can put in is £25 a month so if they confirm that you get the interest of 50p in the £1 for every pound you put in then its worth it if you can afford it. mark just said that its a better rate than he gets on his private pension so it would be worth him dropping down how much he puts in there for a couple of years as think he is entitled to do it as well as he gets tax credits
corinne
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#8
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Only £25 a month!
I knew it was too good to be true!
I was planning to retire early Big Grin
Its an extremly good amount of intrest and one i might seriously use.

Wonder why you have too keep the money in there for 2 years?
Is this a way of goverment raising money now to spend and pay back later and keep it off the national debt figures i wonder?
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#9
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probably, judging by who qualify for it they prob wont get the majority of ppl putting the full amount in each month as £25 is a lot of money to a lot of ppl who are on benefits (except the ones on £40,000 Big Grin) but at least it stops the rich getting richer which is always a good thing
Dodgy
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So, don't worry about people from your past,there's a reason why they didn't make it to your future.
#10
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So the scheme transforms £600 into £900 over two years?
There goes the Disney plan....
Is it one per household Big Grin
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