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Demut BS Share performance
skoolmaster
Posts: 127 Forumite
Skoolmaster
Noblesse Oblige
shedful of passbooks and bonds
Noblesse Oblige
shedful of passbooks and bonds
0
Comments
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How do they reckon that an 'average' savings account has only returned 23.294% over 11 1/2 years? (that's 1.84% pa!) RPI inflation was 36.6% up to December 2007 (so say it's 38.6% today) - which averages 2.88%
http://www.swanlowpark.co.uk/statsenquiry0204.jsp
My estimate of 'best' rates on savings would be something more like:
1997: 6% (4.8% basic net)
1998: 6%
1999: 7% (5.6%)
2000: 6%
2001: 5% (4%)
2002: 5%
2003: 4.5% (3.6%)
2004: 4.5%
2005: 5%
2006: 5.5% (4.4%)
2007: 6.5% (5.2%)
2008: 7% [5/12ths]
Which equals £1648 approximately (£1862 for non taxpayers).....under construction.... COVID is a [discontinued] scam0
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