Interest rates to stay low until January 2015

deutsch

http://www.bbc.co.uk/news/business-22275344

Funding for lending scheme extended from January 2014 to 2015.

Banks don't need our money and therefore do not want to pay us any interest rate that is attractive.

I suppose some fixed deals might disappear or be lowered even further.

jimjames

I think you're being optimistic.

I'd say 2017 until the base rate rises if not longer

talexuser

I also think that 1 year bonus deals are practically useless if you want cash available for the next few years. Each rate at bonus end will be less than the last. I cannot see all the fixed income voters queuing up for the coalition next election, but then what choice do we really have to get out of this mess?

bigfreddiel

actually its going to be 2020 or later before there is even a glimmer of an increase in rates

fj

RoxRoxBling

Conclusion.. don't bother saving, in fact don't bother working, and then the government will help you out.

grey_gym_sock

RoxRoxBling wrote: »

Conclusion.. don't bother saving, in fact don't bother working, and then the government will help you out.

humour? (i hope)

Thistlewhistle

A great window of opportunity to overpay on the mortgage then, whilst the going is good. Then when the rise does kick in, it'll be less of a surprise!