But as soon as you make a purchase the funds are deducted from your bank account. They can be used to withdraw money from cash machines or to pay for small purchases instead of cash or cheques. Telephone banking allows customers to check their balances, transfer money and make other transactions over the telephone. An investment suitable for lump sums, regular savings and ad hoc saving. The price of the units varies directly in line with the value of the investments in the fund.
Many unit trusts are eligible for investment via a personal equity plan.
To find out more, contact individual trust managers or a financial adviser.