Will The Banks Offer Decent ISA Deals Come April 2009

doire_2

Or are we going to have to live with 3 or 4%?

Calchas

Come April, 3 or 4% may be way out of reach!

On the bright side, everything is relative.

Lokolo

As long as inflation plummets I'll be happy.

Gambler

doire wrote: »

Or are we going to have to live with 3 or 4%?

I'm lucky enough to have fixed with LTSB at 6.5% but when this matures in April I was going to transfer to First Direct as I now have an offset mortgage with them. Trouble is they only offset savings accounts not cash ISA's :mad:

Doomcow

doire wrote: »

Or are we going to have to live with 3 or 4%?

its better than 0%.

just be glad you have savings.

People seem to think we still should have 6% or whatever for ISAs when it rly just isnt happening... is noone reading the news and just posting knee-jerk reactions on here ages after the news has happened?

yes its frustrating, but its the way the powers at be want it for now. it'll go up eventually, so either moan like hell just now and not spend it anyway and benefit from rates going up in the not so distant future, or spend it all now and have lot of stuff and no savings for later.

either way, we all know we savers arent going to blow all our money now that rates have dropped, so lets chill out, not panic and wait to reap the benefits.

ok? sound sensible?

harz99

Doomcow wrote: »

its better than 0%.

just be glad you have savings.

People seem to think we still should have 6% or whatever for ISAs when it rly just isnt happening... is noone reading the news and just posting knee-jerk reactions on here ages after the news has happened?

yes its frustrating, but its the way the powers at be want it for now. it'll go up eventually, so either moan like hell just now and not spend it anyway and benefit from rates going up in the not so distant future, or spend it all now and have lot of stuff and no savings for later.

either way, we all know we savers arent going to blow all our money now that rates have dropped, so lets chill out, not panic and wait to reap the benefits.

ok? sound sensible?

I don't disagree with most of your sentiments; but you are ignoring those of us who rely on income from our savings to supplement pensions, and whom are suffering huge drops in the amount we have to live on since rates nose dived.

RayWolfe

Not if inflation is dropping as well!

LesU

For all of those people out there who believe that inflation is dropping. How many of you, petrol prices aside, have had any personal experience of your own inflation rate dropping? Maybe I'm just being singled out and am leading an incorrect lifestyle, but prices are still going up. My newspaper is now 11% higher than last week. The beer in my local has gone up 10% in the last 2 months. Food prices aren't going up like they were last year, but they're not coming down. The Euro effect has still to kick in for food imported from abroad. Gas and Electric prices are due to come down, but of course won't until we get to warmer weather and low gas usage. Thank goodness I don't travel by rail, 7-8% rises from last week. Council tax well who knows, but I do know that councils have been investing their money to get good returns (Icesave?). Well that money is obviously going to reduce drastically over this year.

I am trying to get my personal inflation rate down, but there is a limit to the number of flat screen TV's you can have on one wall!

Seriously, isn't there a case for a EPI(Essentials Price Index) to sit alongside CPI and RPI? It would measure the rise and fall in costs associated with goods and services that are essential (or unavoidable) to living a normal life. EPI should be the index that is used to determine the level of state pensions each year and the one quoted to the masses as an indication of cost of living rises.

punbros

Which is the best Cash ISA available right now in the market? I want to open one as soon as possible with full amount i.e £3600.00

Thanks in advance...

KingL

punbros wrote: »

Which is the best Cash ISA available right now in the market? I want to open one as soon as possible with full amount i.e £3600.00

Thanks in advance...

http://forums.moneysavingexpert.com/showthread.html?t=401374

oxenryd

doire wrote: »

Or are we going to have to live with 3 or 4%?

We need to just forget about the 6% and 7%. They were the norm then. Now is now. 4% is the new 7%.