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What now??
Jnr_81
Posts: 28 Forumite
So with people withdrawing from various banks, and others hopeful of getting their Icesave deposits back, where do we go from here? Where are people planning on putting their money now? Would be interesting to get some thoughts on this.
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Comments
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I'm sure when people are starting to get their ISA money back, a bank will be advertising great rates for people from the fallout of IceSave... majority will go where the rates are best I reckon. Who knows what bank would be the next to collapse.
With KE, I reckon in a few days or so, once people know whats exactly happening with ING, they will transfer their savings back to the (now-ex) bank or the next best thing.
All this though is to be taken with a pinch of salt. I'm sure a lot of people won't want to be stung twice... I never thought Iceland would be in this trouble when I opened my ISA last February!0 -
My stockbroker brother has suggested government bonds if you want to be 100% sure altho in these times I'm sure nothing is 100%. It would only be a short term investment for me because you get very little return for that security and the interest is what I'm living on. But having just had a nasty scare with a lot of our savings in Icesave I'm going to take the knee jerk option.0
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Gold and a shovel,
No seriously if i get my savings back it will be going into premium bonds0 -
What now?
Don't take financial advice from people posting on internet forums.0 -
Southcoast - read the post, not once does it ask for 'advice'. It asks for peoples 'thoughts'0
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:rotfl::rotfl::rotfl:Here's something to consider. £1000 invested in
HBOS worth £5 now; XL Airlines £4; Northern Rock £16, but
if you'd spent the £1000 on John Smiths Brewery shares you'd be worth £224 and you could sell them and have enough drink to drown your sorrows0
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