FabSwingers.com > Forums > Politics > Government launches ‘market-leading’ savings account
Government launches ‘market-leading’ savings account
Jump to: Newest in thread
 |
By (user no longer on site) OP
over a year ago
|
The new three-year bond pays 2.2% interest ..... its official name is the Investment Guaranteed Growth Bond .... the trouble is inflation is running at 2.3% and is reckoned to increase over the next 3 years .... twats |
Reply privately, Reply in forum +quote
or View forums list | |
"The new three-year bond pays 2.2% interest ..... its official name is the Investment Guaranteed Growth Bond .... the trouble is inflation is running at 2.3% and is reckoned to increase over the next 3 years .... twats "
I'd much sooner buy a house in need of repair, 2 grab handles by the front door a key safe and closed curtains, bid the family in the bollocks with cash and make 25% in 6 months |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"You don't have to open one if you feel their not good enough.
really? 
You saying people have no choice then and they have to open one by law ?"
what are you talking about? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"You don't have to open one if you feel their not good enough.
really?
You saying people have no choice then and they have to open one by law ?
what are you talking about? "
I said you don't have to open one if you don't think their good enough
You replied "really "
So what do you mean by that repky then because you're not making much sense |
Reply privately, Reply in forum +quote
or View forums list | |
"The new three-year bond pays 2.2% interest ..... its official name is the Investment Guaranteed Growth Bond .... the trouble is inflation is running at 2.3% and is reckoned to increase over the next 3 years .... twats "
There's a pathetic cap of £3k too....so 2.2% of f*ck all is f*ck all |
Reply privately, Reply in forum +quote
or View forums list | |
"The new three-year bond pays 2.2% interest ..... its official name is the Investment Guaranteed Growth Bond .... the trouble is inflation is running at 2.3% and is reckoned to increase over the next 3 years .... twats "
It's just another way of the government raising cheap short term finance without it showing up on the treasury books...
How did that song go?
Dow Jones don't have time for the bonds... |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ercuryMan
over a year ago
Grantham |
"The new three-year bond pays 2.2% interest ..... its official name is the Investment Guaranteed Growth Bond .... the trouble is inflation is running at 2.3% and is reckoned to increase over the next 3 years .... twats "
So the title is factually correct. How does it compare to High Street bank products? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ercuryMan
over a year ago
Grantham |
"so savings pots losing 0.1% against inflation is now called growth .... no wonder the country's economy is fucked up "
The best return that I could find for the same Investment was 2.35% but that was over 5 years and not 3.
Inflation goes up and down but isn't tied in to savings rates.
You pays your money and you take your choice, but money under the bed gains you 0%. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *abioMan
over a year ago
Newcastle and Gateshead |
"so savings pots losing 0.1% against inflation is now called growth .... no wonder the country's economy is fucked up "
but savers rates are not based on the rate of inflation.... it is based on the Bank of england interest rate....
the BoE base interest rate is 0.25%
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"so savings pots losing 0.1% against inflation is now called growth .... no wonder the country's economy is fucked up
The best return that I could find for the same Investment was 2.35% but that was over 5 years and not 3.
Inflation goes up and down but isn't tied in to savings rates.
You pays your money and you take your choice, but money under the bed gains you 0%. "
that's as may be ... but, losing 0.1% against inflation being regarded as growth is not factually correct, no matter how you try to dress it up |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"so savings pots losing 0.1% against inflation is now called growth .... no wonder the country's economy is fucked up
but savers rates are not based on the rate of inflation.... it is based on the Bank of england interest rate....
the BoE base interest rate is 0.25%
"
maybe ... but savings rate performance is measured against inflation rates |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *abioMan
over a year ago
Newcastle and Gateshead |
so yes.... in terms of savings you are comparing apples to oranges....
what you need to be comparing is the 2.35% rate to what a saver may get in an ordinary basic savers account... which is the BoE rate which is 0.25%......  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *abioMan
over a year ago
Newcastle and Gateshead |
"so savings pots losing 0.1% against inflation is now called growth .... no wonder the country's economy is fucked up
but savers rates are not based on the rate of inflation.... it is based on the Bank of england interest rate....
the BoE base interest rate is 0.25%
maybe ... but savings rate performance is measured against inflation rates"
not in the terms you are trying to lead people in.....
the major reason inflation is gone up in the last 6 months in the devaluation of the pound... thus making everything a lot more expensive than it would have been
all that the inflation rate actually is is a comparison to where prices on the same set of goods stood to the same point 12 months ago.....
it doesn't have anything to do with savers rates.......
|
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
