First Rate Rise in a Decade

Money, investing, mutuals etc

First Rate Rise in a Decade

Postby Thunderfog » Thu Nov 02, 2017 1:16 pm

It took ten years but we got here...

http://www.bbc.com/news/business-41846330
[Secretary] imutual Cashback Investment Club (CIC)

I'm making a profit of -11.5%...

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Re: First Rate Rise in a Decade

Postby Dream on » Thu Nov 02, 2017 1:35 pm

Rubbish. it is only taking us back to where we were last August and generally speaking will make little or no difference to most people.
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Re: First Rate Rise in a Decade

Postby Chadwick » Thu Nov 02, 2017 3:34 pm

Dream on wrote:Rubbish. it is only taking us back to where we were last August and generally speaking will make little or no difference to most people.

But it is a change in direction, which is significant. Of course it's a tiny change - they were never going to shift it by a full 1% or more. But apparently the bank hopes to slowly rise, in small steps, to around 2% over the next couple of years.

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Re: First Rate Rise in a Decade

Postby kevinchess1 » Thu Nov 02, 2017 4:49 pm

He means the first RISE in 10 years
Back in 2007 Golden Brown was PM, Rihanna was no 1 and Chadwick had hair :?
Politically incorrect since 69

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Re: First Rate Rise in a Decade

Postby expressman33 » Fri Nov 03, 2017 10:45 am

kevinchess1 wrote:He means the first RISE in 10 years
Back in 2007 Golden Brown was PM, Rihanna was no 1 and Chadwick had hair :?

and there was no Imutual :(

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Re: First Rate Rise in a Decade

Postby expressman33 » Fri Nov 03, 2017 10:47 am

Nationwide will be increasing Savings rates by 0.25% for all members who received a reduction of 0.25% following the base rate reduction in September 2016.
https://www.nationwide.co.uk/support/su ... nt-savings

Changes to savings rates will be effective from 1 December 2017. More information will be made available on our website and within the Internet Bank in the coming weeks.

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