From: Thom 
Newsgroups: uk.finance
Subject: Re: Mini cash ISA - Government changes
Date: Mon, 23 Feb 2004 15:49:36 +0000

Stephen Burke wrote:
> 
> Thom  wrote:
> > That's a good question, but possibly to match contributions that are
> > held for a certain period (up to a ceiling). One of the problems is
> > that they don't seem to pilot/research these schemes.
> 
> There used to be a scheme called Save As You Earn which had maximum
> contributions of something like £20 a month, and if you paid regularly for 5
> years you got a relatively high return. It was phased out in the mid-90s - at
> about the same time as National Savings became a lot less competitive except
> for higher-rate tax payers.

I actually held one to maturity - the full seven years - 20 ppm. Very
useful it was (given that when I started I hadn't much cash and had only
just started my first permanent job).

Thom