negative interest rates

Money, investing, mutuals etc
pabenny
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Re: negative interest rates

Post by pabenny » Wed Jun 02 2021 12:33pm

Sarah wrote:
Wed Jun 02 2021 10:50am
1 Indonesian Rupiah? (approx £0.000050)
Correct. Slightly tongue in cheek, but with a nod to another thread, I would say that's the approximate worth of one IM share.

planteria
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Re: negative interest rates

Post by planteria » Wed Jun 02 2021 1:18pm

are you travelling distance to London or Birmingham pab?
if so i'm happy for 1im=1pra [pint of real ale]

pabenny
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Re: negative interest rates

Post by pabenny » Thu Jun 03 2021 1:33pm

Might just take you upon that offer - thank you.
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Sarah
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Re: negative interest rates

Post by Sarah » Tue Jun 08 2021 10:02pm

MSE is promoting/celebrating this Aldermore Bank 1% fixed rate (1 year). These are hard times!
https://www.aldermore.co.uk/personal/pe ... e-account/
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parchedpeas
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Re: negative interest rates

Post by parchedpeas » Wed Jun 09 2021 9:05am

One I hadn't heard of before:
1.75% on £250 a month for 14 months. Opened in second online:

https://uk.virginmoney.com/savings/prod ... lar_saver/
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pabenny
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Re: negative interest rates

Post by pabenny » Wed Jun 09 2021 9:50am

Thanks, parchedpeas.

Maximum deposits over the term earn £38 of interest. Hardly feels worth the bother (a sentiment which is entirely inconsistent with coming here to daily clicks to earn £12-13 a year)
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parchedpeas
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Re: negative interest rates

Post by parchedpeas » Wed Jun 09 2021 10:05am

pabenny wrote:
Wed Jun 09 2021 9:50am
Thanks, parchedpeas.

Maximum deposits over the term earn £38 of interest. Hardly feels worth the bother (a sentiment which is entirely inconsistent with coming here to daily clicks to earn £12-13 a year)
I agree entirely. Unfortunately I've developed an unhealthy obsession with "winning" against the banks that I can't shift, even though it's barely worth it now. So I'll pick up any of these that allow wihtdrawals at any time.

Not interested in the HSBC / FD style 12-month tie-ins for 1% anymore, mind. So I'm slowly weaning myself off them!

planteria
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Re: negative interest rates

Post by planteria » Wed Jun 09 2021 10:29am

can you not get 2%+ at a Co-op, for example?
i'm bagging 2.25% on cash and best rate 6.1% on bitcoin.

Sarah
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Re: negative interest rates

Post by Sarah » Wed Jun 09 2021 11:51am

planteria wrote:
Wed Jun 09 2021 10:29am
can you not get 2%+ at a Co-op, for example?
That's an investment with your local society though, isn't it (not the co-operative bank); are you aware of anything similar for people outside Birmingham? Also IIRC it's not covered by the FSCS?
planteria wrote:
Wed Jun 09 2021 10:29am
i'm bagging 2.25% on cash and best rate 6.1% on bitcoin.
Obviously very good, but presumably the value of your bitcoins could go down as well as up! ;)

planteria
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Re: negative interest rates

Post by planteria » Thu Jun 10 2021 11:21am

it is.. and i'm only aware to the extent that another couple of regional Co-ops i'm a member of, in different parts of the UK, do not offer such competitive rates... but MidCounties and Central England both cover large parts of England. no FSCS cover, but real worries that either of those Co-ops will go under?

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