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Thread: Interests Rates

  1. #1
    DF Super Moderator+ Ganty's Avatar
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    Info Interests Rates

    Just had a letter this morning, telling me the interest rate on my saving account is being reduced to...

    0.01%

    What a bloody joke. I think I'd make more money squandering it at the dog track.

    Anyone else's bank royally take the piss?

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    DF Jedi consoles's Avatar
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    Default Re: Interests Rates

    stick them on Bonds daughters made 500 on her 400 bonds we placed 2 years ago

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    DF Jedi hoponbaby's Avatar
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    Default Re: Interests Rates

    They all take the piss atm but when they can borrow so cheaply from the BoE then no reason to pay decent savings rates. Depending on the amount involved and if you can be bothered with the hassle you can get better rates through regular savers (5% First direct etc) and some of the current accounts.

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    DF Jedi hoponbaby's Avatar
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    Default Re: Interests Rates

    Nice return, it's the exception though. Mrs has about 15k I think and has made less than that in the last 5 years

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    DF VIP Member BigBrand's Avatar
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    Default Re: Interests Rates

    There's no reward for loyalty for the average man.

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    DF VIP Member Rick Sanchez's Avatar
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    Default Re: Interests Rates

    Are premium bonds worth the investment?
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    DF PiMP Lestronics's Avatar
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    Default Re: Interests Rates

    I had 2800 in premium bonds for 2 Years and never had a win, not even 50p ! but with interest rates so low and the return being so neglible then I think that would now be a better investment, you never know you might even get lucky with a win and also you'll always get your investment back in full at anytime.

    Regards

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    DF VIP Member BigBrand's Avatar
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    Default Re: Interests Rates

    Quote Originally Posted by Lestronics View Post
    I had 2800 in premium bonds for 2 Years and never had a win, not even 50p ! but with interest rates so low and the return being so neglible then I think that would now be a better investment, you never know you might even get lucky with a win and also you'll always get your investment back in full at anytime.

    Regards
    My dad has 25,000 + in PBs and has won 5,000 in the last 48 months, I've got 1500 in PBs and won 500 in the last 18 months, my friend has 15K+ in PBs and won fuck all.

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    DF Jedi consoles's Avatar
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    Default Re: Interests Rates

    its a gamble but without losing, if you won 50 on 1k its more than you would get in interest at any bank.

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    DF Jedi Lou_smorals's Avatar
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    Default Re: Interests Rates

    Hi
    I know its limited and you have to put at least 1 every month but this works - and if you are a customer you can open one for each family member.

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    DF PiMP Lestronics's Avatar
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    Default Re: Interests Rates

    Quote Originally Posted by Lou_smorals View Post
    Hi
    I know its limited and you have to put at least 1 every month but this works - and if you are a customer you can open one for each family member.

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    I don't think that is a very good return, if you invested the maximum of 300 p/m then that would only give you a return of around 97 for the Year that's just 1.86 p/w. Ok it's a return but that just shows how little savers get with the interest rates being so low, great for those with mortgage payments. I think I'd rather invest that into premiium bonds and hope for a win ! I'm certainly not going to miss 1.86 p/w ..........

    Regards

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    DF PlaYa Squizza's Avatar
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    Default Re: Interests Rates

    Check out some of the Peer 2 Peer sites like Zopa.com
    Decent return for little or no risk. I have been playing and so far it is paying off.

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