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What will you do with your Icesave monies now?
Comments
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The rates as of today, however, will be shot to hell and I really don't know what to do. I was doing this so that I (as well as the money) might feel safe. It is, I fear, in all, a double whammy .... and I am (from a fiscal perspective as opposed to an artistic one, say) risk adverse and oh, so exhausted .... and confused. I had I thought worked and saved so diligently in order to protect myself from this kind of anguish.
Rates are not shot to hell as you put it. Banks still want money. You can easily get 6% in a number of places.
Think what it would be liked if you hadn't saved ... at least you have capital of £250K. If savings rates do fall for the next year, you can always eat into the capital rather than living off the interest.0 -
I know exactly how you feel Meunier ... <hugs> ... although I only have a fraction of the capital invested that you have but it's all I do have and I've been feeling the same stress and pressures over the last few weeks.
I think part of the problem is that I've just become so obsessed with it all that I've lost sight of what I wanted to achieve and made some pretty stupid mistakes recently due to impaired judgement
I think in light of the rate cuts yesterday and decent interest accounts evaporating under our noses that I'm going to leave my fixed rate account until maturity (fingers crossed it will be safe until then!) and split the ISA funds between YBS and Egg (both accounts opened recently thankfully) as I can't find a decent ISA to transfer to now.“You can please some of the people some of the time, all of the people some of the time, some of the people all of the time, but you can never please all of the people all of the time.”0 -
Rates are not shot to hell as you put it. Banks still want money. You can easily get 6% in a number of places.
Think what it would be liked if you hadn't saved ... at least you have capital of £250K. If savings rates do fall for the next year, you can always eat into the capital rather than living off the interest.
But high inflation is going to erode that capital long before we see a decent interest rate again!“You can please some of the people some of the time, all of the people some of the time, some of the people all of the time, but you can never please all of the people all of the time.”0 -
~Chameleon~ wrote: »But high inflation is going to erode that capital long before we see a decent interest rate again!
Then look at NS&I.0
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