Finance - Savings


Any one starting out in life should save for an eventuality, such as the purchase of a car or a first home. However, as we journey down life's road, savings continue to be important, acting as a cushion against the loss of a job or an illness.

In any financial plan, 10 percent of assets should be kept liquid, in case of an unforeseen event. The question then is, where to keep these liquid assets, and the recommended first port of call is normally a bank or building society. Once the savings grow, then other savings products can be considered (link to

The following articles provide further information about savings institutions and products:

Banks & Building Societies


Endowment Policies
Banks and building societies do not normally pay an attractive return on small amounts.
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Many offshore insurance companies offer endowment policies, and until recently, this was a popular method of saving over a longer period.
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