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Debate House Prices
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Savers urge rate rise
Comments
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Graham_Devon wrote: »I bet the tune you are singing today will be vastly different when you are in your pension years.
F'k em though. They had their chance. It's all about us now.
Really did I say that??? can I borrow your flounce around "where did I say that, you are putting words in my mouth" button?
I would worry more about the pensioners without savings TBH graham.
Good emotive argument though and little to do why you think rates should go up.0 -
PasturesNew wrote: »
So if you were saving for a house/anything - and then lost your job - you're penalised on a fictitious rate that you're not getting. e.g. savings income = £50, but they say it's £5000. (I am not entirely clear how they do it, or the rates and I have no links)
If you have a mortgage and savings it is the same?0 -
Apologise to your moth for me, terribly sorry.
And yes, you may aswell have said that. You said they either save (actually you said hoarde), and shutup, or invest.
Not really great advise to a pensioner using savings as a pension is it.0 -
Graham_Devon wrote: »Apologise to your moth for me, terribly sorry.
And yes, you may aswell have said that. You said they either save (actually you said hoarde), and shutup, or invest.
Not really great advise to a pensioner using savings as a pension is it.
??????
Well I save at 0.99% graham because I do not want to risk my money?
So am I saying F'myself.
Stop making stuff up to cause an argument, it was clear interest rates before the bust based on the fact banks were gambling.
Saving has always meant putting money away, not making money?
People like you seem to compleatly ignore the pre-bust savings rates were unsustinable and were based on the money from the credit boom.0 -
Isnt the issue not that we need savers or borrowers, but we need the two in balance.
If the savers dont get a return, they dont save, so you cant lend.
If the borrowers cant borrow, the savers cant get a return.
It's a purely symbiotic relationship.
This is, unfortunately, a myth.
Banks create (but not print) money when they make a loan.
EG Saver deposits £1000 - Borrower takes loan of £1000, but leaves it sitting in his account initially. Both Saver and Borrower each have £1000 in their accounts - total £2000 - so where has the money loaned by the bank come from? It is new, created money, which will cease to exist when the loan is repaid.
The bank, however, need not stop at lending just £1000. It can loan many times the money deposited. Deposits are typically only around 10% of the amount loaned to borrowers.
The credit crunch was partly due to banks over extending themselves and not retaining sufficient capital. When loans began to go bad their balance sheets could not stand the losses."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
I have savings, 4.4% - 6.2% Fixed ISA's with the Halifax and 6.2% with NS&I (over the past 12 months not sure about the next), all these are tax free :beer:, what's the problem ?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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Surely you've benefitted,you bailed out at the top of the market.
There were some amazing fixed savings rates around in 2008/9, 6/7/8% if you could trust the banks :eek: although I am sure you could have stayed under the guarantees.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I have savings, 4.4% - 6.2% Fixed ISA's with the Halifax and 6.2% with NS&I (over the past 12 months not sure about the next), all these are tax free :beer:, what's the problem ?
The problem is that you can't put as much as you want to into those accounts there are limits.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »The problem is that you can't put as much as you want to into those accounts there are limits.
I have as much as I want in them, the savings certs have been at least two a year in recent memory so additions of £30k a year wasn't bad, in fact.If you had invested the maximum amount in NS&I certificates over the past decade, and rolled them into inflation linked certificates when they matured, and invested on behalf of a spouse as well, you could quite easily be sheltering more than £1m from taxes, with a risk-free return of nearly 10% for highest-rate taxpayers.http://www.thisismoney.co.uk/money/saving/article-1723973/NSI-inflation-bonds-a-subsidy-for-the-rich.html
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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