interest rate

[stevewool]

had a meeting with the bank today, tried to plan for the future where to invest money and so on, i already had a idea what i wanted to do but its nice to hear what they can do for you also, WHICH IS NOTHING, unless you go for these gold accounts but you have to pay for it so thats a no no, anyway this chap reckons that interest rates for savers will be cut soon, and with the new chargers happening after xmas for advice happening, you may as well keep your money under your bed

[Dedworth]

The top 10 inflation-beating accounts on the market

http://www.moneywise.co.uk/banking-saving/savings-accounts-isas/the-top-10-inflation-beating-accounts-the-market

and

Premium Bonds

[stevewool]

theres only you that wins on premium bonds i never hear of anyone else

[Arthur Little]

... you may as well keep your money under your bed ...

... only problem there is the risk of being robbed.

:cwm24: ... WHAT am I saying? :doh ... you're ALREADY getting robbed ...

... by the very institutions that're supposed to be protecting your dosh!

[stevewool]

:icon_lol::icon_lol::icon_lol::icon_lol: thats right Arthur, we are being robbed everyday

[Dedworth]

theres only you that wins on premium bonds i never hear of anyone else

They're worth a punt

[Terpe]

Cash is not something worth 'hoarding'
Hard earned money needs to work, not sit there at 1 or 2 per cent when inflation is higher.

[stevewool]

that is one of the reasons to look and buy our place sooner then later, thats if the place comes up

[Bluebirdjones]

An equity fund (which should generally compromise of blue-chip stocks), but NOT a tracker.

... received from a friend today ...
"The good run we see in equities has nothing to do with the economy and everything to do with bond yields which trail behind inflation and, far more to the point, behind dividends.

Yes, divis can go up and down whereas coupons - unless floating, of course - can't. But the probability of the ten year dividend stream of, say Nestle, falling below the ten year coupon of 1¾% which it is paying on its latest issue seems small. Given the choice between one and the other, I can only see one rational investment decision. Buying equities is not "risk on" - from a simple income perspective, it is "risk off". Forget for one moment the mark to market and think simply in terms of the most basic reason for investors to invest - to generate income. Yes, I know, total return and all that Jazz - I wasn't born yesterday. But if there is one thing which worries not only private individuals but pension funds too, it is the ability to meet one's current liabilities. As we stand, bonds don't to a lot to help but equities do".

[fred]

Dont forget that if you are not a UK resident then you dont pay tax on interest earned..:xxgrinning--00xx3: Think the last account we put some savings in, yields 4% tax free. The problem with these types of accounts is the fact that the cash is often tied up for 3/5 years.. :NoNo: