Tuesday, September 18, 2007

Mattress Alternatives


You queued for ten hours yesterday, and now you have £20,000 stuffed under the mattress.

It turns out to be not very comfy. So where are you going to put it?

To help you decide, we've just trawled round the main instant access mattress alternatives:

Alternative 1- HMG

National Savings and Investments (NS&I), fully guaranteed by Her Majesty's Government, offers an instant access account paying 4.65%.

Alternative 2- Northern Rock

NR, fully guaranteed by Her Majesty's Government, offers an instant access account paying 6.31%.

Now, whoyagonnacall?


Terms and conditions: 1. Tyler Investments (hereinafter called Tyler Investments, or TI) is regulated by the FSA, so before opening an account you will be asked to provide fourteen forms of identification (even if you've banked with us for the last twenty years). 2. In accordance with accepted banking practice, TI may from time to time invest your deposits in impenetrable structured financial vehicles which may or may not have an underlying value. 3. The directors of TI may at their absolute discretion pay themselves large bonuses, which shall not be returned in the event of any temporary liquidity impairment of investors assets (technically classed as a "financial meltdown"). 4. All deposits are fully guaranteed by HMG. 5. Have a nice day.
Update- good article on NR this morning by Jeff Randall here.

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