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Get back at em...

Thumbs_Up · 2023-04-27 13:50:13

To my fellow cash investors, if we all hold our nerves and sit on our hands for a few weeks or so and play a role reversal i.e. act like a cartel, do you think the banks would raise the interest rates at a more juicy level. Or it doesn’t work like that. What say you?

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MEM62 Posts: 5,309 Forumite

4 May 2023 at 10:59AM

Thumbs_Up said:

BTL are selling their properties like hot cakes... Savers or investors - You Say Tomato, I Say Tomato.

Indeed, I have just sold mine. But my money will be fed into my pension over the next couple of years (thank you Chancellor for increasing the limit to £60k per year) and most of the the rest will be clearing my mortgage. I certainly will not be keeping it in cash savings.

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