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'I invested £3,000 over 10 years … and all I got was 56p'

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  • 'I invested £3,000 over 10 years … and all I got was 56p'


    Tony Levene meets a saver whose not-so-friendly tax-free plan generated a pittance
    Fifty-six pence - barely enough for a pot of yogurt or a packet of crisps. But that's exactly how much Claire McDermott was told she would get after saving £25 a month over 10 years with Scottish Friendly. Her £3,000 investment was set to pay £3,000.56 – earning 5.6p for each year.

    guardian



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  • #2
    Re: 'I invested £3,000 over 10 years … and all I got was 56p'

    My BIL sold his business a year or so ago to Swintons, in January he invest £100K in something called BlackRock, last week his investment was worth £87K pfffffft.

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