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Types of Saving and Investment (Individual Savings Account ISA…
Types
of
Saving and Investment
Individual Savings Account
ISA
Interest Rates are higher than
other savings accounts
Tax is not charged on Interest
Notice is required to
make withdrawals
Limit on the annual amount
that can be placed in an ISA
Penalties for unexpected/ too
many withdrawals
Premium Bonds
Can be easily withdrawn
with no penalties
Chance to win more than
could earned in interest
No Guaranteed return on Investment
The amount invested could
lose its value due to inflation
Maximum amount is reviewed
annually by the Government
Deposit & Savings Account
Interest is earned on positive balances
Accounts sometimes require regular deposits,
meaning users will have to use a savings plan
Interest earned is taxed
Interest rates for saving is
lower than borrowing
Bonds & Gilts
Regular fixed returns
Spreads risk across a
range of markets
Risk of losing the value of investment
if the bond or gilt value falls
Interest payments may not be
received if the issuer is
unable to make payment