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Low rates on children's accounts 'discouraging saving'

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Low rates on children's accounts 'discouraging saving'

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hifidelity2

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Joined: Fri Apr 24, 2009 1:03 pm
Posts: 5041
Location: London

Re: Low rates on children's accounts 'discouraging saving'

Amnesia10 wrote:

koli wrote:


	Amnesia10 wrote: Yes but many here will remember savings rates of 8% or more.

And we all know how that ended up, Icelandic banks and all!
And we are still paying for those morons who put money in them only to be bailed out by the UK government because Iceland showed us a finger and refused to cough up for insured deposits!!

I was talking of years ago before the rates fell. This would be from an ordinary deposit account. Not a regular savings or special terms account.

But then mortgage rates were 15% :shock:

and not 0.5%

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Mon Aug 01, 2011 12:16 pm

Amnesia10

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Re: Low rates on children's accounts 'discouraging saving'

hifidelity2 wrote:


	Amnesia10 wrote: I was talking of years ago before the rates fell. This would be from an ordinary deposit account. Not a regular savings or special terms account.

But then mortgage rates were 15% :shock:

and not 0.5%

Yes but I do think that the current low rates that we have are dangerously unsustainable.

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Mon Aug 01, 2011 4:31 pm

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