Rates are dropping fast

gadgetmind

I have been rolling cash into bonds and preference shares, but the yields on those are also dropping rapidly. On the plus side, this does mean prices are rising, but I wish they'd waited until I'd bought my fill!

opinions4u

coastline wrote: »

Well that politician was our PM..David Cameron..
Quote...What we have to do is get the banks lending again...June 2010.

One of many.

Darling and Cable can share it around the different parties equally well.

ihr

Does anyone know of a website/source of statistics showing how average instant access savings rates change over time?

I want to get a sense of what's happened before... mostly because i want to know if rates will rise again soon.

Gromitt

ihr wrote: »

i want to know if rates will rise again soon.

Don't we all ! Rates have fallen because government have given the banks access to very cheap cash. Once that cash runs out and the banks want more, they'll hike their savings rates to attract people. But I don't think you'll see good competitive rates until about 2015 at least.

So you might as well help the economy by going down the shops and blowing the lot

Thrugelmir

ihr wrote: »

I want to get a sense of what's happened before... mostly because i want to know if rates will rise again soon.

There's no prior event in history on which to base a forecast.

Until the wider economic and financial (bank) issues are totally addressed. We will remain in unchartered waters.

Banks like consumers and Governments. Need to deleverage. So the BOE will continue to intervene to provide financial stability.

ihr

2015? Oh.

So this series of events is unique, but have rates been this low in the last few years? Or is the worst it has been?

coastline

ihr wrote: »

Does anyone know of a website/source of statistics showing how average instant access savings rates change over time?

I want to get a sense of what's happened before... mostly because i want to know if rates will rise again soon.

http://swanlowpark.co.uk/bank0604.jsp

ihr

coastline wrote: »

I couldn't quote the link because I'm a new user, but I liked it.

Brilliant! Thank you.... although, ugh. I wish I'd started saving before 2009.