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More bad news from Nationwide EsavePlus down to 1.20%
redbiro
Posts: 160 Forumite
More bad news from Nationwide EsavePlus down to 1.20
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That's around the 3 year gilt yield, so not too surprising.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
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My market crash fund is getting 1.7% in a Nationwide Loyalty Saver15yr Issue 4, having had a Nationwide Flex Account for over 15 years But they can't offer that rate to everybody or they would get more money in than they can persuade people to borrow.
I keep getting letters from others either telling me my interest rate is going down, and trying to give me a credit card or personal loan. They don't want your savings because they are awash with taxpayers 'funding for lending' money and desperate to lend it, the very thing that caused the last financial crisis. Osborne and Carney must be hoping they can stave the next one off until after the election.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Thats a good point. Unusually the little man is getting a better deal (on cash deposits) than the big boys. No wonder they have pushed up share prices so high. So holding cash is not such a bad deal for me as it is for them.gadgetmind wrote: »That's around the 3 year gilt yield, so not too surprising.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Our cash is all earning around 3% or it's index linked.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Most of mine is earning more than that because I put it on 5 years fixed interest 2 years ago.gadgetmind wrote: »Our cash is all earning around 3% or it's index linked.
But the point I was trying to make is that if you are a professional wanting to put £millions on instant access with as good as guarantee as offered in personal Building society accounts, as far as I can see the only thing available to you is Government Bonds paying less than said Building Society accounts (especially after trading fees)?“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0
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