negative interest rates

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Sarah
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Re: negative interest rates

Post by Sarah » Tue Jun 14 2022 9:35am

We could see a 0.5% rise this week. I wouldn't make any decisions before then, especially on multi-year fixed rates.
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Re: negative interest rates

Post by Luke_PieStalker » Wed Jun 15 2022 11:29pm

planteria wrote: ↑
Tue Jun 14 2022 9:18am
 just that the rates have edged up, but still very little return on cash, and it's a negative real return.
I know your a bit coin man but I am looking for something stable and easy. Just hard to work out if/when to lock your cash away.
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planteria
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Re: negative interest rates

Post by planteria » Thu Jun 16 2022 8:44am

having some cash in an account for a rainy day makes sense LPS.. so finding the best rate you can is fair enough. but beyond that we need to at least try to beat inflation imv.
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Sarah
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Re: negative interest rates

Post by Sarah » Thu Jun 16 2022 12:15pm

BoE has increased the base rate to 1.25% (up by 0.25%). This is a 13 year high.
Three members of the nine-member committee voted for an even bigger rise of 0.5%, in the aftermath of the bumper 0.75% rise in rates in the US overnight.
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