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Old Nov 10, 2008 | 11:58 AM
  #1  
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From: Little India
Default banking question

is there a site where i can put in the ammount of money i want to save as a lump sum, put in a timescale for it to be locked away for, and a fixed intrest rate it's going to get over the dutation?

thank you please

i know what i will get if it's property but just want to see the comparison in the bank
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Old Nov 10, 2008 | 12:09 PM
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From: Northants
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Best bet these days in my opinion would be to put it in some government scheme like bonds or even national savings. About as guaranteed as you can get these days.

http://www.nsandi.com/

Something like a guaranteed growth bond?

http://www.nsandi.com/savingneeds/guaranteedreturns.jsp
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Old Nov 10, 2008 | 12:22 PM
  #3  
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From: Little India
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it's an investment op in india mate,

i've got Ł150k with which i can either buy a house and get Ł4k a year in rent after everything is sorted for 10 years, in which time the price would have gone up

or

i can put the money into a bank and get 12% a year on

obviously the bank is going to work out easy money, but proerpty prices have grown and grown and grown in india like nothing else if you are in the right spot, but being in the wrong spot means you are going to get a huge drop in some cases in the value

my uncles place is about 100 yards from the epicentre of the growth and it's worth about 1,000,000 Rs for his 400 square foot, the guy 5 streets down the road is getting a valuation of around 4,000 rs for the same 400 square foot plot

and there are 25 plots that seem to be making the bidding right now as on the up and up, unfortunatly i don't have Ł4mill to invest
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Old Nov 10, 2008 | 12:23 PM
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From: Little India
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also, depending on who you go to, you can get between 75 and 85 Rs/Ł1 as an exchange rate, the more cash money you bring over, the higher the rate goes
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Old Nov 10, 2008 | 12:28 PM
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From: West Mids
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Last week before the interest rate drop would have been a better idea Dojj!!!!
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Old Nov 10, 2008 | 12:54 PM
  #6  
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From: Little India
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not in india mate

between 10 and 12%

the only problem is that with that sort of ammounts, i will have to pay tax on it so there is that side of things as well to consider, so it's a good job my uncles a bank manager
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