Interest Rates

nilrem_2

bristolleedsfan wrote: »

Only a case of filling in 2 forms...Nationwide 6.15 ( fixed for 1 or 2 years) Halifax 6.20% fixed for 4 years or Abbey 6.25% variable rate includes 1% bonus for first year ............... all of these fully backdate interest on transfers in to ensure no loss of interest.

They look a whole lot better than Smile and NS&I don't they! And I do like the fixed rate for peace of mind.

TRUSt_NO_1_2

aardvaak wrote: »

It makes me sick that we have come round to the time of the month that the news presenters think it's clever to try and convince the BOE to reduce interest rates.

They seem to want to pander to the plonker mortgage payers that have themselves to blame by over extending themselves.

Just as our rates are showing signs of giving us a reasonable return some people are trying to kick us in the teeth.

Interest is my only form of income and the action of these people causes me real hardship.

There are more savers than borrowers when are they going to understand this?

What country do you live in ?

The personal debt in the UK is worse than America...and they are screwed and are waking up to the fact.
The UK is still comotose watching celebrity this that and the other.

If you are saving all your money in a bank 'high interest' account (or similar) I will absolutely guarantee that you will become progressively (in fact rather quickly) POORER.

Inflation will SIGNIFICANTLY out-run ANY bank / building society saving account interest rates for the next few years at least.

I don't save a penny.
I try to borrow (as much as possible) at a fixed interest rate and invest...not in banks I might add.

bristolleedsfan

nilrem wrote: »

They look a whole lot better than Smile and NS&I don't they! And I do like the fixed rate for peace of mind.

Nationwide say that rate that is in force when they get transfer money is rate it will be ,,,its not changed since july 2007.

NS&I appear to be quick at transferring out.

TRUSt_NO_1_2

nilrem wrote: »

They look a whole lot better than Smile and NS&I don't they! And I do like the fixed rate for peace of mind.

6 to 7 % per annum...wooooh big money

Another lamb to the slaughterhouse !

When petrol is £1.50 /litre in the next year or so and meat and cereals have doubled...7% growth isn't going to look too good is it.

I would suggest ...stop listening to TV...and look at what is happening around the globe via the internet

Food riots
Countries are stopping exporting rice due to shortages.
Oil refineries have had temporary shut downs due to lack of crude oil.
El Nina (not Nino) could have climate impacts on food production in 2008.

Then what will 2009 bring ?

My investments are higher risk.If they come off,which I think they will,I'll be OK.
7% return,,,,you've lost before you start.

Meltdown_2

TRUSt_NO_1 wrote: »

My investments are higher risk. If they come off, which I think they will, I'll be OK.

And if they don't 'come off' ...?

Aegis

Meltdown wrote: »

And if they don't 'come off' ...?

Then he'll be poor for life. After all, personal gearing levels were at least partly responsible for the Great Depression. People thought markets and investments could only go up in value, and turned out to be wrong.

"Investment" strategies like the ones Trust No 1 recommends are great if AND ONLY IF the selected investments do well over a given timescale. As we've seen lately, gold is far from a sure investment, as it just plummeted about 15% recently. People jumping on his bandwagon towards the end of the rise would now be sitting with about 85-90% of their value left thinking "what just happened?" to themselves.

Quite frankly all I've seen from him is scaremongering and comments about ignoring good investment strategies completely, and I would strongly recommend that people do their own research into how risky his ideas are before they pile on the bandwagon and run into another gold bubble.

nilrem_2

TRUSt_NO_1 wrote: »

6 to 7 % per annum...wooooh big money

Another lamb to the slaughterhouse !

When petrol is £1.50 /litre in the next year or so and meat and cereals have doubled...7% growth isn't going to look too good is it.

I would suggest ...stop listening to TV...and look at what is happening around the globe via the internet

Food riots
Countries are stopping exporting rice due to shortages.
Oil refineries have had temporary shut downs due to lack of crude oil.
El Nina (not Nino) could have climate impacts on food production in 2008.

Then what will 2009 bring ?

My investments are higher risk.If they come off,which I think they will,I'll be OK.
7% return,,,,you've lost before you start.

Lol Where did you escape from? Thanks for the advice but I think I will stick with my 7% !

bristolleedsfan

Aegis wrote: »

Then he'll be poor for life. After all, personal gearing levels were at least partly responsible for the Great Depression. People thought markets and investments could only go up in value, and turned out to be wrong.

.

U mean like this guy. :rotfl: :rotfl: :rotfl:

http://www.thesun.co.uk/sol/homepage/news/article1028276.ece

"Pals say tattooed Pete, 55, from Plymouth, Devon, lost the cash in a series of dodgy investments. "

Liz_the_Whizz

bristolleedsfan wrote: »

U mean like this guy. :rotfl: :rotfl: :rotfl:

http://www.thesun.co.uk/sol/homepage/news/article1028276.ece

"Pals say tattooed Pete, 55, from Plymouth, Devon, lost the cash in a series of dodgy investments. "

Poor guy - personally, I blame Icelandic banks:rotfl: :rotfl: :rotfl: .

And I bet he saw a tied adviser......

bristolleedsfan

[quote=nilrem;10083701_but_I_think_I_will_stick_with_my_7%_!_:)[/quote]


Or 5.3% in the case of your NS&I ISA. :laugh:

http://www.nsandi.com/interest-rates/index.jsp