Regular Savings Advice

Chadsman

aj23 wrote: »

Which means you're in the minority :beer:

I presume you voted to leave the EU then which rather proves my point.

karlie88 wrote: »

Several members have tried to educate aj23 and he still doesn't get it (both on this thread and a previous thread) - which leads me to believe that he's a troll.

I rarely post here now having got into a similar discussion with someone in the past I concluded the other poster was a troll trolling to promote an article written by Martin Lewis.
The OP may be genuinely unable to understand a fairly straightforward point, they may be trolling to get someone to post a link to an article on the site or they may be looking to wind up people because they enjoy winding up people.

Folks - don't waste your time.

Terry_Towelling

aj23 wrote: »

I didn't say it wasn't, but interest rate vs monthly deposit/total deposit is fairly important too.

Look at YBS RS: 2 years, 2%, 500pm. You'd get £253 in interest.

FD RS: 1 year, 5%, 300pm. You'd get £96 in interest.

People on here always look at the headline rate, whereas you can often get more by looking at non-CA linked and longer term accounts.

I'd rather go for YBS.

Sorry, I haven't read everything here (and parking the Brexit issue) but assuming you have £500 per month to stash away and if FD RS is max £300 per month, why not do:-

YBS RS 24 months 2% £200/month gives roughly £101 interest after 2 years.
FD RS 12 months 5% £300/month gives roughly £99 Interest in year 1 and repeat the process in year 2 for another £99.

This way you end up with £300 approx after 2 years instead of £253.

So it is important to put the most you can into the higher rate accounts first and then any extra cash goes into the lower rated accounts.

How does that look?

bundoran

ValiantSon wrote: »

No it doesn't. The referendum had a turn out of 72.2%, of which 51.89% voted "Leave". That means that actually the majority supported "Remain", as an abstention always counts as tacit support for the status quo.

51.89% of 72.2% voted to leave, but even fewer voted to remain.

Abstentions don't count as tacit support for the status quo. You just made that up.

The "actual majority" voted to leave.

The ones who didn't vote perhaps didn't really "abstain" as that requires an active choice. In reality I suspect that they probably just couldn't be ar5ed.

ValiantSon

bundoran wrote: »

51.89% of 72.2% voted to leave, but even fewer voted to remain.

Abstentions don't count as tacit support for the status quo. You just made that up.

The "actual majority" voted to leave.

The ones who didn't vote perhaps didn't really "abstain" as that requires an active choice. In reality I suspect that they probably just couldn't be ar5ed.

Nope.

An abstention (and that is exactly what it is - look it up in a dictionary) means a tacit acceptance of the status quo. I haven't made this up.

The majority of the electorate did not vote "Leave".

RG2015

ValiantSon wrote: »

Nope.

An abstention (and that is exactly what it is - look it up in a dictionary) means a tacit acceptance of the status quo. I haven't made this up.

The majority of the electorate did not vote "Leave".

Are you able to post a link to a dictionary definition with this meaning?

ValiantSon

RG2015 wrote: »

Are you able to post a link to a dictionary definition with this meaning?

Do you not have access to a dictionary, or indeed your own access to the internet?

http://www.letmegooglethat.com/?q=abstain

What else do you think, "abstain" means, if not, to opt not to exercise a vote?

abstain

verb

formally decline to vote either for or against a proposal or motion.

My university qualifications in government and politics are a little harder to link to, and the reading required would take you some time.

RG2015

ValiantSon wrote: »

Do you not have access to a dictionary, or indeed your own access to the internet?

http://www.letmegooglethat.com/?q=abstain

What else do you think, "abstain" means, if not, to opt not to exercise a vote?

My university qualifications in government and politics are a little harder to link to, and the reading required would take you some time.

You misunderstand. I want a definition of abstain or abstention that includes the words "tacit acceptance" as in your post that I have helpfully included below.

ValiantSon wrote: »

Nope.

An abstention (and that is exactly what it is - look it up in a dictionary) means a tacit acceptance of the status quo. I haven't made this up.

The majority of the electorate did not vote "Leave".

ValiantSon

RG2015 wrote: »

You misunderstand. I want a definition of abstain or abstention that includes the words "tacit acceptance" as in your post that I have helpfully posted below.

You misunderstand. I never said that a dictionary would provide that. I refered to a dictionary in the context of bundoran, who claimed that those who hadn't voted, hadn't abstained. A dictionary is not going to provide you with a commentary on political science. Fortunately for you, I have condensed the field for you into the neat sentence, "Abstentions on a motion to change the status quo are a tacit acceptance of the maintenance of that status quo, albeit with an acceptance that the outcome may be for change. " You're welcome!

None of this changes the very simple fact that the majority of the electorate did not vote to leave the EU. Only 37.44% of the electorate voted to leave the EU.

RG2015

ValiantSon wrote: »

You misunderstand. I never said that a dictionary would provide that. I refered to a dictionary in the context of bundoran, who claimed that those who hadn't voted, hadn't abstained. A dictionary is not going to provide you with a commentary on political science. Fortunately for you, I have condensed the field for you into the neat sentence, "Abstentions on a motion to change the status quo are a tacit acceptance of the maintenance of that status quo, albeit with an acceptance that the outcome may be for change. " You're welcome!

None of this changes the very simple fact that the majority of the electorate did not vote to leave the EU. Only 37.44% of the electorate voted to leave the EU.

Thank you for the clarification.

Are you also able to give me the source of sentence that I have highlighted?

ValiantSon

RG2015 wrote: »

Thank you for the clarification.

Are you also able to give me the source of sentence that I have highlighted?

Yes. As I said in the post, I am the source. I have summarised the position based on the understanding of abstention in referenda as it stands in political science.

ValiantSon wrote: »

I have condensed the field for you into the neat sentence, "Abstentions on a motion to change the status quo are a tacit acceptance of the maintenance of that status quo, albeit with an acceptance that the outcome may be for change."