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Inflation and savings
MelesMeles
Posts: 1 Newbie
I currently have money tied up in a bond in KE (or ING nowadays) which will mature tommorrow, hopefully I will be able to take it out after that without too much bother. While I'm sure ING is relatively safe I think that the Icelandic PM has set the tone that if things go bad its every country for itself and I don't want to have to take my begging bowl to the door of our Dutch cousins if things do go wrong. With the recent drop in interest rates I'm worried about the effect of inflation on my savings so I am considering an index linked certificate from NS&I. However that has a limit of 15k which leaves me some money left over, what are peoples opinion of future inflation and do they think high paying rates can continue to improve my spending power?
Cheers,
Brock
Cheers,
Brock
0
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