NS&I Investment Bond

J45

polymaff wrote: »

Just £3k - and an indicative 2.2% - i.e. anyone's guess

So with the interest rates trash right now, this is the only gesture we got. Hardly worth the air to announce it.

polymaff

It'll require less effort per £ than some schemes folk join, I suppose

nbrewitt

Disappointed, the amount able to have been invested should have been much, much higher this Government is doing very little to incentivise saving.

PeacefulWaters

nbrewitt wrote: »

Disappointed, the amount able to have been invested should have been much, much higher this Government is doing very little to incentivise saving.

Because it doesn't grow the economy short term for them.

I'm amazed they've done this.

Castle

Pensioner Bonds paid 4% over 3 years on a maximum of £10,000; so allowing for the 0.25% cut in the base rate, why isn't it 3.75%?

fun4everyone

nbrewitt wrote: »

this Government is doing very little to incentivise saving.

They want us to spend, not save right? They shouldn't even have bothered with this, but guess I will take it out.

nbrewitt

PeacefulWaters wrote: »

Because it doesn't grow the economy short term for them.

I'm amazed they've done this.

That's part of the problem, too much short term thinking, how on earth are we going to encourage the next generations to save

PeacefulWaters

Castle wrote: »

Pensioner Bonds paid 4% over 3 years on a maximum of £10,000; so allowing for the 0.25% cut in the base rate, why isn't it 3.75%?

Because gilts, fixed term instruments and other savings market rates have dropped by more than 0.25%.

And there isn't a general election this time.

J45

fun4everyone wrote: »

They want us to spend, not save right? They shouldn't even have bothered with this, but guess I will take it out.

Oh come on £3k is an insult, this spending culture is what got a lot of people in trouble in the first place. The incentive for people to save is so low its defining a new culture.

Oblivion

I won't be wasting my time or money on this farce.