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Scottish Friendly Assurance - Savings Account
(Which Way To Pay - 9/6/2011)
This savings bond account is perfect if you want to take advantage of your tax free allowance. They offer two very specific savings plans, both for 10 years which are called The Scottish Bond or The Child Bond. Both of these bonds give you the option to take 25 a month and invest it tax free for 10 years. You are also able to get a Scottish Friendly Assurance savings bond even if you have an ISA, making this option particularly appealing. This is a great plan if you are looking for a long term savings plan. If you decide to take out a Child Bond or a Scottish bond then you will be even more impressed with the possibility of regular bonuses and a potential final bonus too, making the long term growth potential very appealing indeed.
Please note that although this account has many favourable features it is also not for everyone and therefore you should carefully consider and understand all of the sides to the bond. There are conditions that are important to be aware of including the fact that if you decide to cash in within the first 2 years of your saving plan you will get absolutely nothing back from them. In addition to this is you cash in before the end of your 10 year savings period but over the first 2 years of it then you will not be able to get back as much as you put in initially. This plan requires you to pay up to 25 a month for 10 years.
Scottish Friendly Assurance is ranked 3 out of 5. Based on 1 review.

3 Star Rating        
1 Star: 1 Star RatingPoor
In relation to other products, has performed badly and has little or no worthwhile benefits.
2 Stars: 2 Star RatingBelow Average
Has some features of value, but in comparison to others performs below standard.
3 Stars: 3 Star RatingAverage
A fair product with regards to its competitors - has no outstanding features or benefits.
4 Stars: 4 Star RatingGood
In comparison to other products performs above standard, has beneficial features.
5 Stars: 5 Star RatingExcellent
Performs well above standard in comparison, has exceptional features and benefits.

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