Personal Finance: Internet Investor - Your pension is in the oven

YOU MAY have heard about the Microwave Bank, a microwave oven that can manage your personal finances while defrosting your television dinner. Well almost. The microwave, which plugs into the Internet, is a concept developed by United States company NCR Corporation, and Knowledge Laboratory.

You cannot buy one. However, you can watch a demonstration on the web. The microwave has a touch-sensitive screen incorporated in its door. It may never make it to the shops in the high street but it is surely a harbinger of things to come.

There is no reason why Internet access needs to be managed through a PC and keyboard. The idea of surfing via the television will soon be realised through digital television. In fact, except for those who wish to bring work home, there may be little reason to have a home computer within the next couple of years. Web surfing, e-mail and games will all be accessible via digital television, and maybe the microwave, the toaster and the fridge- freezer.

In another significant development, Vogue - the women's fashion magazine - has linked up with the UK's only Internet-based PEP provider to offer its online readers access to financial investment information.

Conde Nast Publications, publishers of Vogue, has one of the biggest web sites aimed at young professional women. The site explains how to make money work for you and how netPEP's products can help.

Without wishing to cast aspersions on fellow "netizens" - an appalling American neologism coined to describe those who spend time on the Internet - I find the Microwave Bank and Vogue's interest in personal finance on the Internet soothing to a condition I occasionally suffer from. It is known as `anoraksia nervosa' and the more accessible and inclusive the Internet becomes, the less I shall suffer from it!

Indeed, in a broad sense, personal financial planning is all about lifestyle choices and, perhaps, it is time more of us realized that. Which brings me to the latest in Internet banking - the unveiling of Citibank's Internet Banking service.

Citibank's latest offering allows you to pay bills online, set up standing orders and transfer funds to other accounts. The service includes foreign currency accounts and the promise of Euro accounts from next January. You need a PC running Windows 95/98/NT or a Macintosh running Mac OS8 or higher to access the Citibank service.

To be eligible for the Citibank service, you need a minimum household income of pounds 30,000 a year. There is the promise of a year's free access to the net via Virgin Net providing that you deposit pounds 2,000 in the account for a month. But perhaps the best incentives are the low charges and the 4.75 per cent interest paid on current account balances.

Microwave Bank Demo: www.newstream.com/98-332. shtml

Vogue:www.condenast. co.uk

netPep: www.netpep.co.uk

Citibank Internet Banking: www.citibank.co.uk

Robin can be contacted on RobinAmlot@aol.com

News
Food blogger and Guardian writer Jack Monroe with her young son
people
News
people
Environment
The plant ‘Nepenthes zygon’ was donated to Kew in 2004
environment
Arts and Entertainment
booksPhotographer Richard Young has been snapping celebrities at play for 40 years - but he says it wasn’t all fun and games...
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Life and Style
ebookNow available in paperback
Life and Style
ebooksA superb mix of recipes serving up the freshest of local produce in a delicious range of styles
News
i100
Sport
Aguero - who single-handedly has kept City's Champions League dreams alive - celebrates his dramatic late winner
footballManchester City 3 Bayern Munich 2: Argentine's late hat-rick sees home side snatch vital victory
News
Muhammad Ali pictured in better health in 2006
peopleBut he has enjoyed publicity from his alleged near-death experience
Life and Style
Fraud contributes 11p to a £2.00 box of half a dozen eggs
Arts and Entertainment
Tony breaks into Ian Garrett's yacht and makes a shocking discovery
TVReview: Revelations continue to make this drama a tough watch
News
news
News
peopleSinger tells The Independent what life is like in rehab in an exclusive video interview
News
The assumption that women are not as competent in leadership positions as men are leads to increased stress in the workplace
science... and it's down to gender stereotypes
Arts and Entertainment
Inner sanctum: Tove Jansson and friends in her studio in 1992
booksWhat was the inspiration for Finland's most famous family?
News
i100
Arts and Entertainment
Singer songwriter Bob Dylan performs on stage
films
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs General

    Austen Lloyd: Commercial Property Lawyer - Cheshire

    Excellent Salary: Austen Lloyd: CHESHIRE MARKET TOWN - An exciting and rare o...

    Austen Lloyd: Residential Property Solicitor - Hampshire

    Excellent Salary : Austen Lloyd: NORTH HAMPSHIRE - SENIOR POSITION - An exciti...

    Recruitment Genius: Gas Installation Engineer

    £29000 per annum: Recruitment Genius: A Gas Installation Engineer is required ...

    Recruitment Genius: Domestic Gas Technical Surveyor

    £28000 per annum: Recruitment Genius: A Domestic Gas Technical Surveyor is req...

    Day In a Page

    Homeless Veterans Christmas Appeal: Drifting and forgotten - turning lives around for ex-soldiers

    Homeless Veterans Christmas Appeal: Turning lives around for ex-soldiers

    Our partner charities help veterans on the brink – and get them back on their feet
    Putin’s far-right ambition: Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU

    Putin’s far-right ambition

    Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU
    Tove Jansson's Moominland: What was the inspiration for Finland's most famous family?

    Escape to Moominland

    What was the inspiration for Finland's most famous family?
    Nightclubbing with Richard Young: The story behind his latest book of celebrity photographs

    24-Hour party person

    Photographer Richard Young has been snapping celebrities at play for 40 years. As his latest book is released, he reveals that it wasn’t all fun and games
    Michelle Obama's school dinners: America’s children have a message for the First Lady

    A taste for rebellion

    US children have started an online protest against Michelle Obama’s drive for healthy school meals by posting photos of their lunches
    Colouring books for adults: How the French are going crazy for Crayolas

    Colouring books for adults

    How the French are going crazy for Crayolas
    Jack Thorne's play 'Hope': What would you do as a local politician faced with an impossible choice of cuts?

    What would you do as a local politician faced with an impossible choice of cuts?

    Playwright Jack Thorne's latest work 'Hope' poses the question to audiences
    Ed Harcourt on Romeo Beckham and life as a court composer at Burberry

    Call me Ed Mozart

    Paloma Faith, Lana del Ray... Romeo Beckham. Ed Harcourt has proved that he can write for them all. But it took a personal crisis to turn him from indie star to writer-for-hire
    10 best stocking fillers for foodies

    Festive treats: 10 best stocking fillers for foodies

    From boozy milk to wasabi, give the food-lover in your life some extra-special, unusual treats to wake up to on Christmas morning
    Phil Hughes head injury: He had one weakness – it has come back to haunt him

    Phil Hughes had one weakness – it has come back to haunt him

    Prolific opener had world at his feet until Harmison and Flintoff bounced him
    'I have an age of attraction that starts as low as four': How do you deal with a paedophile who has never committed a crime?

    'I am a paedophile'

    Is our approach to sex offenders helping to create more victims?
    How bad do you have to be to lose a Home Office contract?

    How bad do you have to be to lose a Home Office contract?

    Serco given Yarl’s Wood immigration contract despite ‘vast failings’
    Green Party on the march in Bristol: From a lost deposit to victory

    From a lost deposit to victory

    Green Party on the march in Bristol
    Putting the grot right into Santa's grotto

    Winter blunderlands

    Putting the grot into grotto
    'It just came to us, why not do it naked?' London's first nude free runner captured in breathtaking images across capital

    'It just came to us, why not do it naked?'

    London's first nude free runner captured in breathtaking images across capital