no decent returns anywhere fed up :(

StevieJ

Lokolo wrote: »

Have you not seen the Base Rate?

I am more interested in the inflation rate.

Thrugelmir

Tesco Bank have a 5.2% gross yielding bond.

Halifax have a 4.25% four year fix ISA.

Plenty to invest in if you look hard enough.

Lokolo

Thrugelmir wrote: »

Tesco Bank have a 5.2% gross yielding bond.

Halifax have a 4.25% four year fix ISA.

Plenty to invest in if you look hard enough.

That's an investment and you can get back less than you put in. Which isn't exactly what everyone wants.

Lokolo

StevieJ wrote: »

I am more interested in the inflation rate.

I don't like to remind myself what it is.

Old_Slaphead

Last month NR offered a 3 yr FRB at 4.3% which was effectively a 6 month notice account.
Had to be quick to get it (available for around 2 weeks) but it was discussed on Savings Board for those paying attention.

Procrastinator333

I would suggest having a look at funding circle, somewhere in between stocks and shares and savings accounts.

I have lent £3.5k in chunks of £20-£80 to about 70 different businesses. Getting an average rate of 8.4% at the moment from there. You carry the risk of default, so obviously more risky than a savings account, but then higher reward. No defaults to date for me, but then it has only been going for something like 6 months.

Other plus point is that you can sell loans at a 3% premium or discount. This means it should be pretty easy to exit at any point. The p2p market is pretty liquid in my experience.

Maybe not for all, and certainly not for someone's entire savings, but personally I think having a portion in there and taking that slightly increased risk for the better reward is worth it.

saverjustice

Thank your lucky stars that you have some money to invest and that you haven't put it in something like Keydata.

If you fancy a long term gamble buy gold, land, shares...

Russe11

no risk = no return(real terms)

grimsalve

I'm in the same boat - I wish there was somewhere safe with a decent return. Most banks don't seem to be offering anything worthwhile anymore. If inflation is at 4% at the moment then saving at a lower interest rate means you're losing money rather than gaining.

I don't know enough about shares and I don't have the time to research, and even if I knew what I was doing there's always a risk.

I thought about putting a lot more into an FSAVC but the rates on those seems really low at the moment.

I wondered about property but then there's the hassle of renting it out, maintenance, etc. and I don't have enough money to get anything decent anyway.

Desperate_Housewife_2-2

some interesting posts here but most talk of tying money up or investments rather than plain old saving. I want to build up a pot to fall back on in case of emergencies and dont have time to tie up money as my kids will need what I have got to help them with uni living costs.

Some of the ideas are very enlightening but not for the faint hearted or novices (ie I havent a clue what half of it means!) Never mind, I'll get my thinking cap on and cook something up...