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| Bank of England may need to cut interest rates http://www.x404.co.uk/forum/viewtopic.php?f=19&t=25404 |
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| Author: | pcernie [ Thu May 19, 2016 8:18 pm ] |
| Post subject: | Bank of England may need to cut interest rates |
Bank of England may need to cut interest rates even if UK stays in EU | Business | The Guardian https://www.theguardian.com/business/20 ... emain-vote |
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| Author: | hifidelity2 [ Fri May 20, 2016 8:04 am ] |
| Post subject: | Re: Bank of England may need to cut interest rates |
Oh good - as I have a tracker mtg |
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| Author: | paulzolo [ Fri May 20, 2016 9:12 am ] |
| Post subject: | Re: Bank of England may need to cut interest rates |
Got a nice letter from Nationwide the other week. The interest I am getting on may savings account is being cut from 0.45% to 0.25%. What the fcuk is the point of saving if you get nothing for it? |
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| Author: | saspro [ Fri May 20, 2016 1:24 pm ] | |||||||||
| Post subject: | Re: Bank of England may need to cut interest rates | |||||||||
So you've got money in case you need it? Stick it in a cash isa. You'll get at least 1% on it. |
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| Author: | davrosG5 [ Fri May 20, 2016 2:33 pm ] |
| Post subject: | Re: Bank of England may need to cut interest rates |
Depending on how much there is of it it can actually be better just to keep it in a current account these days - a few are paying between 3 and 5 % although the upper limit on what attracts interest can be fairly stingey and some charge fees but you'll still probably end up ahead compared to 0.25%. |
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| Author: | TheFrenchun [ Fri May 20, 2016 5:10 pm ] |
| Post subject: | Re: Bank of England may need to cut interest rates |
I have a help to buy ISA at 4% Sent from my iPhone using Tapatalk |
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| Author: | ShockWaffle [ Fri May 20, 2016 10:28 pm ] | |||||||||
| Post subject: | Re: Bank of England may need to cut interest rates | |||||||||
That's either spectacular irony, in which case I want to say "I see what you did there." Or I have to sarcastically congratulate you for becoming roughly the third person on the internet to grasp the basic point of monetary policy and interest rates. |
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| Author: | hifidelity2 [ Mon May 23, 2016 9:38 am ] | |||||||||
| Post subject: | Re: Bank of England may need to cut interest rates | |||||||||
Premium bonds - you will get about the same rate - Sweet FA but you never know 
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| Author: | jonbwfc [ Mon May 23, 2016 10:24 am ] | ||||||||||||||||||
| Post subject: | Re: Bank of England may need to cut interest rates | ||||||||||||||||||
There is the point that unless your money is earning more than the rate of inflation you'll technically get less out than you put in. Current CPI is 0.2% which is fine, but RPI is around 1.1%. Which means pretty much no saving scheme on the high street is really worth the bother at the moment. |
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| Author: | l3v1ck [ Thu May 26, 2016 9:04 pm ] |
| Post subject: | Re: Bank of England may need to cut interest rates |
Good (for me). I have a fixed mortgage for another three years, but anything that keeps the interest rates lower for longer is good for me. |
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