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Are your savings safe? article discussion
Comments
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I make no claim to understand the intricacies, but I thought the BoE worked according to that general principle when they set rates to try to meet their inflation targetHigh rates to control inflation? That's a new twist on the fundamentals of economics, as I understand them.
The Central Bank is attempting to hold or reduce rates in order to combat inflation, as I read the article.
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article573956.ece
Other things being equal, a rise in base rates will tend to dampen demand.
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If demand falls, inflation will tend to drop back.0 -
Well, Gordon has today stated that a £50,000 guarantee is being considered ...
Dave.
I caught the back end of a news item that said the guarantee is now £50,000. But no further discussion about it. If that's the case, is the 50K for cash investments only, or 50K for S&S investements as well? making 100K in total. :T0 -
I caught the back end of a news item that said the guarantee is now £50,000. But no further discussion about it. If that's the case, is the 50K for cash investments only, or 50K for S&S investements as well? making 100K in total. :T
WHOA! It hasn't happened yet. Wait for the confirmation (or denial that this government is so good at) before you break out the champagne
Dave.... DaveHappily retired and enjoying my 14th year of leisureI am cleverly disguised as a responsible adult.Bring me sunshine in your smile0 -
Anyone like to give an opinion as to whether it`s worth cashing in fixed term bonds, paying penalties on notice accounts and losing the ISA tax benefits on accounts with Nationwide simply to spread the money around between institutions?
BSWD 19470 -
I believe Lloyds Tsb own Birmingham Midshires, If I have £35000 in each bank and they went bust, am I covered for both amounts or just one, also are joint account holders both allowed the £35000 safety net?0
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The proposed LTSB/HBOS deal has yet to be confirmed - see http://www.lloydstsb.com/lloydstsb_hbos_announcement.aspI believe Lloyds Tsb own Birmingham Midshires, If I have £35000 in each bank and they went bust, am I covered for both amounts or just one, also are joint account holders both allowed the £35000 safety net?0 -
WHOA! It hasn't happened yet. Wait for the confirmation (or denial that this government is so good at) before you break out the champagne
Dave.
http://www.dailymail.co.uk/news/article-1063679/Brown-raises-bank-savings-guarantee-50-000-day-turmoil-markets.html
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!!!!!!, don't even consider it. You will get hammered with a penalty clause loss of interest, let the fixed term deposit mature. To put things in perspective I have 100k with the Alliance and leicester, this matures in January. I am losing no sleep neither should you with the Nationwide. If you cash it in its been a pointless exercise. You are not repeat NOT going to lose any deposits by staying where you are. The government have made it clear on the back of N/R and the B&B. At the end of the day its your choice. If it was me, I wouldn't touch them. Oh and for the record I have a wedge with the Nationwide that is over the FSCS gauranteed level and I'm sleeping like a baby,Broadsword1947 wrote: »Anyone like to give an opinion as to whether it`s worth cashing in fixed term bonds, paying penalties on notice accounts and losing the ISA tax benefits on accounts with Nationwide simply to spread the money around between institutions?
BSWD 1947Liquidity is when you look at your investment portfolio and **** your pants0 -
The bit in red made me smile
Quote
Brown confirmed the increase would be included in banking reforms to be put to parliament soonLiquidity is when you look at your investment portfolio and **** your pants0 -
Quote:
Originally Posted by Oblivion
WHOA! It hasn't happened yet. Wait for the confirmation (or denial that this government is so good at) before you break out the champagne
Dave.
http://www.dailymail.co.uk/news/arti...l-markets.html
Nice one Lokolo:beer: So like I said, is that only for cash, or both cash &
S&S investments?
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