50% Bonus Savings Accounts With a Catch


I came across this little gem quite by accident, and the headline naturally appealed to me….a savings account offering a 50% bonus….with a catch? I thought, what’s the catch? Normally high return accounts only offer this if your have shitloads to save, and even then if you invest it for 10 years and you don’t touch it.

So, I watched our resident shirt lifter Martin Lewis explain to to me in the attached video what it’s all about. Apparently it’s only open to low income workers who are also on Universal Credit, whereby over a period of 2 years saving the government (ie..us, the taxpayer) will reward these savers with a 50% bonus of the highest amount they have saved in that 2 year period. So if you save a grand in the first year, then decide to remove all but a quid of it by the second year, us tax payers will give those on UC a bonus of £500!!

Now, forgive me but if you are drawing benefits from us hard working tax payers because you ‘have no money’ then surely you shouldn’t have enough ‘spare’ to save? And even if you have, wy the fuck are the tax payers paying such a high bonus for saving OUR money to recive it?

Bonkers….and a cunt.

BBC News.

Nominated by : Chuff Chugger

65 thoughts on “50% Bonus Savings Accounts With a Catch

  1. The 50% bonus idea is catching on.

    – Rachel is stealing 50% more from those dim enough to work for a living.

    – Smash the Gangs Starmfuhrer has overseen a 50% increase in Channel-hopping doctors, engineers and architects.

    – Lesley will be giving the junior hospital doctors a 50% permanent bonus for deigning to turn up to work.

    – Wacky Zacky is giving all women who vote Green a 50% tit bonus.

    – Meanwhile last week at the Westminster Primary School, Mastermind was promised 50% more Jaffa cakes if he can express 50% as a fraction. Unfortunately he hasn’t come up with the right answer yet.

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