Mourinho savings – double interest if Utd win title 26 July 2016 at 11:32AM edited 26 July 2016 at 3:19PM in Savings & Investments 11 replies 2.2K views

MSE_Luke

"Earn 2.5% on a one-year savings fix... if Man Utd win the league"

Read MSE Helen's full blog: Earn 2.5% on a one-year savings fix... if Man Utd win the league

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bristolleedsfan

http://forums.moneysavingexpert.com/showthread.php?t=5497881

"Last week an email popped up in my Inbox" as well - From " Savers Friend"

"So I immediately" posted about it on MSE :whistle:

jimjames

It gets tedious but yet again the article doesn't mention far better rates. The example given is for £10k. Why would you settle for 1.25% or even 2.5% when you can get 4% & 5% on that same money.

colsten

jimjames wrote: »

It gets tedious but yet again the article doesn't mention far better rates. The example given is for £10k. Why would you settle for 1.25% or even 2.5% when you can get 4% & 5% on that same money.

It's ok - the more people put their money into low interest savings accounts, the higher the likelihood that the really good rates will remain available to the rest of us for much longer.

silvercar

To cover all angles, put money in the bond and bet against Man Utd winning the league. Include the cost of placing the bet in your calculation and then work out the odds with & without Man Utd winning.

schiff

QUOTE: Maybe it’s because they think their team (Manchester City, ugh) has a chance of winning the league this year? Maybe it’s envy because their small team doesn’t have the large fan base across the UK that makes offering such an account worthwhile?

So having a large fan base across the UK means the automatic title, does it?

More people to be disappointed probably. For the second successive year.

We'll see.

savings_my_hobby

Not sure about United winning the title although I see odds of 1/3 for United to finish in the top 4 for those of you who likes a flutter.

phillw

jimjames wrote: »

It gets tedious but yet again the article doesn't mention far better rates. The example given is for £10k. Why would you settle for 1.25% or even 2.5% when you can get 4% & 5% on that same money.

With the uncertainty in the market then it's possible to do even better if you have a higher risk profile and a decent IFA. Obviously this isn't guaranteed and it requires you to do more than just hide the money away and forget about it.

bigadaj

phillw wrote: »

With the uncertainty in the market then it's possible to do even better if you have a higher risk profile and a decent IFA. Obviously this isn't guaranteed and it requires you to do more than just hide the money away and forget about it.

Let's not start conflating saving and investing again, it's going to confuse newbies and promotes things like corporate bonds being sold as savings products, or at least giving that impression.

kidmugsy

Half the interest if ManU don't win the title.

Notfarfromtheborder

Quick calcs


2.23% return with both eventualities covered
Bet against them not to win