"Negative interest" scare again.

LXdaddy

bigadaj wrote: »

For most companies it's also cash flow.

Indeed !

zcrat41

I run a business acc and the bank makes loads of money out of me already - about £35 pm in bank charges for cheques, standing orders, dd's etc! They're not free already!


I'm with one that was in the headlines that it might start charging interest. I'll be off like a shot if that happens as will every other farmer I know.

Ifts

kingrulzuk wrote: »

If all the banks in UK start giving negative interest, I will just take the money out and keep it in the safe at home.

If it came to that and you didn't want to invest it you could put it into premium bonds (pretty much instant access), safer than keeping large amounts at home.

teddysmum

Ifts wrote: »

If it came to that and you didn't want to invest it you could put it into premium bonds (pretty much instant access), safer than keeping large amounts at home.

And it's like playing the lottery without losing your stake.


My husband and I rarely have a month with no pay out, but £100 is the highest single prize, though we once had a total £150.

Aretnap

Ifts wrote: »

If it came to that and you didn't want to invest it you could put it into premium bonds (pretty much instant access), safer than keeping large amounts at home.

I'm thinking about what premium bonds would look like in a world of negative interest rates. Presumably most people would pay no charges - but a few lucky souls randomly chosen by the computer would have someone come round to repossess their houses...

savings_my_hobby

I would have thought cash ISA's would be safe from negative interest rates, Just when we thought they were obsolete.

masonic

savings_my_hobby wrote: »

I would have thought cash ISA's would be safe from negative interest rates, Just when we thought they were obsolete.

Negative interest would already be tax free, so I'm not sure an ISA wrapper would make any difference.