Interest rate rise?

chucknorris

Current betfair prices:

1/3 0.25%

5/2 0.5%

chucknorris

Ozymandias73 wrote: »

I really hope this time they will raise rates.

Why? (other digits to make post longer)

Crashy_Time

buggy_boy wrote: »

Can we expect this after brexit, 5yrs after brexit, 10yrs after brexit, 15yrs after brexit?

Another crystal ball prediction.....

It`s happening now, transactions started to fall straight after Brexit was announced.

System

Crashy_Time wrote: »

It`s happening now, transactions started to fall straight after Brexit was announced.

Actually, the market first started to go sour in 2015, well before the referendum was even announced.

need_an_answer

Perhaps OP you could send a PM to a board guide and ask them to merge this thread with your duplicated one on the debate boards.

https://forums.moneysavingexpert.com/showgroups.php


the board guides you need to approach are silvercar or Westminster I believe

michaels

chucknorris wrote: »

Why? (other digits to make post longer)

Is 'Cos I have just fixed my mortgage for 5 years leaving me with a 6 figure sum sitting in savings accounts currently paying .5% more than the mortgage but I would like to increase that margin if possible' a good enough answer?

System

chucknorris wrote: »

Why? (other digits to make post longer)

Because I have a strange thing called cash, and I want a decent savings rate in return for depositing it at the bank.

chucknorris

Ozymandias73 wrote: »

Because I have cash, and I want a decent savings rate in return for depositing it at the bank.

But (especially net of tax and inflation) you won't get a decent return. That's why I left cash years ago (other than temporary short term for specific reasons).

I'll be selling a house soon and I have the problem of where to place the equity, certainly not in savings accounts or property, I already have quite a lot in equities, so it looks like I am going to have to find some corporate bonds (but the problem there is that the safest ones don't pay that much more than savings accounts).

michaels wrote: »

Is 'Cos I have just fixed my mortgage for 5 years leaving me with a 6 figure sum sitting in savings accounts currently paying .5% more than the mortgage but I would like to increase that margin if possible' a good enough answer?

I sympathise, we had a 7 figure sum only paying 1.31% at sainsburys bank until we bought our new home a couple of weeks ago. But we wouldn't want a significant sum in savings accounts for longer than the short term, due to tax and inflation reducing the interest paid to a certain annual loss. I'd rather take some more risk on, than accept a certain loss.

But I accept that not everyone has the same attitude to risk.

System

"you won't get a decent return."

I'll get a better return if interest rates start going up. Plus, I am risk averse, and I'd like to get my money back when I want it.

chucknorris

Ozymandias73 wrote: »

"you won't get a decent return."

I'll get a better return if interest rates start going up.

I don't disagree, but you said 'decent' not 'better', I would never consider an interest rate that guarantees a loss as decent. Have you never consider equities, or are you saving for a deposit, and therefore stuck in short term time frame?