NS&I Investment Bond

veryintrigued

polymaff wrote: »

Let's not! Its interest rate is not even defined yet - so your figures are pure speculation.

You mean it could be half of a half packet of crisps?

ffacoffipawb

metrobus wrote: »

Let's get back to this bond please there are enough regular saver threads.

So £3000 @ 2.2% for a 3 year bond

We can already get 1.5% for a 3 year bond.

So .7% extra or £21 per year

So 40p a week extra.

And we had some journalist on radio 5 last night saying this new bond is "really exciting" it's a pathetic headline gimmick aimed at people who do not realise it only means 40p a week or put it another way half a packet of crisps,yes really exciting.

You are being ripped off if you are paying 80p for a packet of crisps.

polymaff

ffacoffipawb wrote: »

You are being ripped off if you are paying 80p for a packet of crisps.

Not if they're Tesco crisps - surely?

polymaff

veryintrigued wrote: »

You mean it could be half of a half packet of crisps?

Even less for us tax-payers. :rotfl:

Pincher

Kicking the football down the road?

The 4% Pension Bond will be up for redemption soon.

Borrow more to pay off old debt. This time we need more suckers to jump in, so we are not restricting it to 65+ any more.

In another two years, babies are welcome to save their money as well.

Ponzi scheme?

Eco_Miser

For those who have already got all the accounts paying 2% or more this will be an extra £3000 they can get those rates on. For everyone else, there will be better.

coastline

We've gone from this...

http://4.bp.blogspot.com/-K8Xxl-FIPWE/TxBgDx9KhxI/AAAAAAAAATQ/3Dzye8fVfNg/s1600/base-rates-inflation-89-98.png

to this since 2008..

http://i.dailymail.co.uk/i/pix/2011/07/07/article-2012193-0CE7882400000578-469_468x350.jpg

http://www.economicshelp.org/wp-content/uploads/2014/04/inflation-base-rates-since-03-600x471.png

http://www.economicshelp.org/wp-content/uploads/2014/10/saving-rates-inflation-since-05-600x415.png

Years ago base rates acted as a buffer against inflation but now with the national debt in the UK and the rest of the world rates are rock bottom..
Its hard to see rates rising much unless we have rapidly rising inflation again like the 70's-80's..
Looks like they want people to spend not save despite telling folk during the financial crisis to rein it all in..
Link from 2014 below..

http://www.marketmoving.info/household-debt-set-increase-sharply-uk/

metrobus

polymaff wrote: »

Let's not! Its interest rate is not even defined yet - so your figures are pure speculation.

No the rate has not but the term and Max deposit has and the % is going to be very close to 2.2% .

So about 40p per week,pretty pathetic really.

metrobus

ffacoffipawb wrote: »

You are being ripped off if you are paying 80p for a packet of crisps.

Sensations,I do not buy the walkers or golden wonder rubbish.:beer:

schiff

ffacoffipawb wrote: »

You are being ripped off if you are paying 80p for a packet of crisps.

........and shortening your life with the salt!