Coventry First Current Account

masonic

AFOS, I wonder if you have heard of this thing called "inflation"? It's the reason why a rate of 5.1% in 2006 is worse for savers than a rate of 3% today.

Of course, if you have £250k that you need to put into instant access savings, presumably because you need the money imminently, then you'll probably only be able to get around RPI plus a fraction of a percent, much the same as you could in 2006.

masonic

A_Flock_Of_Sheep wrote: »

Well he never came up with a 5% return on every penny of £250,000 for instant access which was my challenge. For a single person with no partner.

It's a ridiculous challenge. JJ stated that he could get 5% on all of his savings. He did not state those savings amounted to £250k. You inserted that bit to try and troll him.

jimjames

A_Flock_Of_Sheep wrote: »

Can you get 5% on your own personal cash savings Jim (which seem below £250,000) if you don't have a partner to open up extra accounts with?

Yep. As I've already said I get 5% on all my savings.

I only keep sufficient cash for my emergency fund, the majority of my money is invested, but I'm prepared to take that risk and it certainly pays off for me. I did wonder why you'd disappeared from the investment board, I guess you found your strategy didn't work for you.

masonic wrote: »

It's a ridiculous challenge. JJ stated that he could get 5% on all of his savings. He did not state those savings amounted to £250k. You inserted that bit to try and troll him.

Absolutely. But I'm happy others aren't prepared to put any effort in as it means my 5% rates are likely to last a lot longer than if everyone was jumping onboard.

bigadaj

Anyway enough of these irrelevancies, good to see afos back, we need those stock market predictions so that we can short them for a good profit.

What's the afos forecast for the ftse, Dow etc that's where the real money is to be made!