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pcernie
Legend
Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast
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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_________________Plain English advice on everything money, purchase and service related:
http://www.moneysavingexpert.com/
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| Thu May 19, 2016 8:18 pm |
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hifidelity2
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 1:03 pm
Posts: 5041
Location: London
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Oh good - as I have a tracker mtg
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| Fri May 20, 2016 8:04 am |
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paulzolo
What's a life?
Joined: Thu Apr 23, 2009 6:27 pm
Posts: 12251
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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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| Fri May 20, 2016 9:12 am |
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saspro
Site Admin
Joined: Thu Apr 23, 2009 5:53 pm
Posts: 8603
Location: location, location
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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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| Fri May 20, 2016 1:24 pm |
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davrosG5
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 6:37 am
Posts: 6954
Location: Peebo
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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%.
_________________
When they put teeth in your mouth, they spoiled a perfectly good bum.
-Billy Connolly (to a heckler)
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| Fri May 20, 2016 2:33 pm |
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TheFrenchun
Officially Mrs saspro
Joined: Wed Jan 06, 2010 7:55 pm
Posts: 4955
Location: on the naughty step
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I have a help to buy ISA at 4%
Sent from my iPhone using Tapatalk
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| Fri May 20, 2016 5:10 pm |
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ShockWaffle
Doesn't have much of a life
Joined: Sat Apr 25, 2009 6:50 am
Posts: 1911
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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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| Fri May 20, 2016 10:28 pm |
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hifidelity2
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 1:03 pm
Posts: 5041
Location: London
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Premium bonds - you will get about the same rate - Sweet FA but you never know 
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| Mon May 23, 2016 9:38 am |
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jonbwfc
What's a life?
Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040
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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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| Mon May 23, 2016 10:24 am |
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l3v1ck
What's a life?
Joined: Fri Apr 24, 2009 10:21 am
Posts: 12700
Location: The Right Side of the Pennines (metaphorically & geographically)
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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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| Thu May 26, 2016 9:04 pm |
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