R02 Flashcards
1
Q
Easy vs Instant Access?
A
Instant: Instantly withdrawn via a card.
‘Easy’: May have short delay in accessibility
2
Q
‘Structured Deposits’?
A
Offers the greater of:
- Original Iv
- % of change in FTSE 100
3
Q
Offshore sterling deposit accounts (Channel Islands/IoM) may have higher interest rates but?
A
Not covered by FSCS
4
Q
NSI: Income Bonds?
A
Monthly interest at variable rate (3.69% currently)
5
Q
NSI: Direct Saver?
A
Easy access savings account (Paying 3.75% currently)
6
Q
NSI: Guaranteed Income Bonds?
Guaranteed Growth Bonds?
A
Fixed term 1,2,3,5 yrs - Mthly interest as income, minimum £500.
Interest reinvested.
7
Q
MMs: T-bills?
A
Issued at wkly auctions.
Maturities of 1,3,6,12mths.
8
Q
A
