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
peopleChildren leave in tears as Santa is caught smoking and drinking
News
One of the most common regrets amongst the over-50s is marrying the wrong person
news
Arts and Entertainment
A host of big name acts recorded 'Do They Know It's Christmas?' in London on Saturday
musicCharity single tops chart
Arts and Entertainment
Steve Backshall has become the eighth celebrity to leave Strictly Come Dancing
tv
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
Arts and Entertainment
tvStrictly presenter returns to screens after Halloween accident
News
peopleFormer civil rights activist who was jailed for smoking crack cocaine has died aged 78
News
i100
News
Boxing promoter Kellie Maloney, formerly known as Frank Maloney, entered the 2014 Celebrity Big Brother house
people
Sport
Dwight Gayle (left) celebrates making it 1-1 with Crystal Palace captain Mile Jedinak
premier leagueReds falter to humbling defeat
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: Corporate Solicitor NQ+ Oxford

    Excellent Salary: Austen Lloyd: CORPORATE - Corporate Solicitor NQ+ An excelle...

    Reach Volunteering: Financial Trustee and Company Secretary

    Voluntary Only - Expenses Reimbursed: Reach Volunteering: A trustee (company d...

    Recruitment Genius: Senior Project Manager

    £45000 - £65000 per annum: Recruitment Genius: This is a fantastic opportunity...

    Recruitment Genius: Shopfitter

    Negotiable: Recruitment Genius: This is an opportunity to join a successful an...

    Day In a Page

    Mau Mau uprising: Kenyans still waiting for justice join class action over Britain's role in the emergency

    Kenyans still waiting for justice over Mau Mau uprising

    Thousands join class action over Britain's role in the emergency
    Isis in Iraq: The trauma of the last six months has overwhelmed the remaining Christians in the country

    The last Christians in Iraq

    After 2,000 years, a community will try anything – including pretending to convert to Islam – to avoid losing everything, says Patrick Cockburn
    Black Friday: Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

    Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

    Britain braced for Black Friday
    Bill Cosby's persona goes from America's dad to date-rape drugs

    From America's dad to date-rape drugs

    Stories of Bill Cosby's alleged sexual assaults may have circulated widely in Hollywood, but they came as a shock to fans, says Rupert Cornwell
    Clare Balding: 'Women's sport is kicking off at last'

    Clare Balding: 'Women's sport is kicking off at last'

    As fans flock to see England women's Wembley debut against Germany, the TV presenter on an exciting 'sea change'
    Oh come, all ye multi-faithful: The Christmas jumper is in fashion, but should you wear your religion on your sleeve?

    Oh come, all ye multi-faithful

    The Christmas jumper is in fashion, but should you wear your religion on your sleeve?
    Dr Charles Heatley: The GP off to do battle in the war against Ebola

    The GP off to do battle in the war against Ebola

    Dr Charles Heatley on joining the NHS volunteers' team bound for Sierra Leone
    Flogging vlogging: First video bloggers conquered YouTube. Now they want us to buy their books

    Flogging vlogging

    First video bloggers conquered YouTube. Now they want us to buy their books
    Saturday Night Live vs The Daily Show: US channels wage comedy star wars

    Saturday Night Live vs The Daily Show

    US channels wage comedy star wars
    When is a wine made in Piedmont not a Piemonte wine? When EU rules make Italian vineyards invisible

    When is a wine made in Piedmont not a Piemonte wine?

    When EU rules make Italian vineyards invisible
    Look what's mushrooming now! Meat-free recipes and food scandals help one growing sector

    Look what's mushrooming now!

    Meat-free recipes and food scandals help one growing sector
    Neil Findlay is more a pink shrimp than a red firebrand

    More a pink shrimp than a red firebrand

    The vilification of the potential Scottish Labour leader Neil Findlay shows how one-note politics is today, says DJ Taylor
    Bill Granger recipes: Tenderstem broccoli omelette; Fried eggs with Mexican-style tomato and chilli sauce; Pan-fried cavolo nero with soft-boiled egg

    Oeuf quake

    Bill Granger's cracking egg recipes
    Terry Venables: Wayne Rooney is roaring again and the world knows that England are back

    Terry Venables column

    Wayne Rooney is roaring again and the world knows that England are back
    Michael Calvin: Abject leadership is allowing football’s age-old sores to fester

    Abject leadership is allowing football’s age-old sores to fester

    Those at the top are allowing the same issues to go unchallenged, says Michael Calvin