types of saving and investment Flashcards
1
Q
individual savings account (ISA)
A
a tax free way to save or invest
2
Q
deposit and savings account
A
interest is paid on the balance
3
Q
premium bonds
A
-a government scheme that allows individuals to save, up to a set amount, in bonds
-no interest is earned but the bond is placed into a regular draw for cash prizes
4
Q
bonds & gifts
A
sends money to companies and governments in return for interest payments
5
Q
shares
A
-investments in business in return for equity
-the shareholder becomes a part-owner of the business
6
Q
pensions
A
long-term savings plans where someone makes regular contributions to their working life
