Liverpool Victoria Banking Services

2008-10-27 12:05:08

( Sports )



Background of Liverpool Victoria

The company's complete name is Liverpool Victoria Friendship Society Ltd. A UK-based mutual company, Liverpool Victoria originally started its operations by selling low cost memorial plans to families with modest income levels on a before-needed basis. The purpose of the memorial plans is to provide decent funeral and interment services.

Since then, Liverpool Victoria has expanded to other types of investment and insurance services. The company recently changed its name to LV and restyled its company logo, to help itself be more at tune with the times.

Quick Look at Liverpool Victoria Banking Services

Just like a thrift or commercial bank, Liverpool Victoria banking services are also quite varied yet attuned to the needs of the individual bank client.

The company offers a deposit account which allows you to earn a good yield just like regular money market accounts. You are allowed to make at most twelve withdrawals a year. Interest yields on your balance may also vary.

If you are willing to take more risks, you can try investing in Liverpool Victoria's flexible savings plan. You make monthly installments to your account, and the yield on your account depends on stock market trends. While you may not be assured of certain profit in this type of account, it may also give you the chance to earn hefty profits during boom periods.

A less risky version of stock-based savings funds is the capital bond, which has equal chances of high and low yields. It also guarantees that the amount of your original investment minus any withdrawal on your part will be refunded to you at your request.

Liverpool Victoria also offers individual savings accounts which act as a tax shelter for your hard-earned income. You will be able to earn tax-deferred income as well on your account, and the only time you will be taxed is when you withdraw your funds at retirement.c
You can also open a child trust fund for your underage child. You let the funds grow until your child reaches the age of 18.

Applying for Liverpool Victoria Banking Services

If you are interested in any of the Liverpool Victoria banking services being offered, you can apply directly at the official website to become a member of the company. Being a mutual company, Liverpool Victoria's members are also its clients and investors.

Aside from Liverpool Victoria banking services, you can also check out what the company has to offer in terms of life insurance and pension funds.


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