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Re: negative interest rates

Posted: Wed Jun 02 2021 12:33pm
by pabenny
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.

Re: negative interest rates

Posted: Wed Jun 02 2021 1:18pm
by planteria
are you travelling distance to London or Birmingham pab?
if so i'm happy for 1im=1pra [pint of real ale]

Re: negative interest rates

Posted: Thu Jun 03 2021 1:33pm
by pabenny
Might just take you upon that offer - thank you.

Re: negative interest rates

Posted: Tue Jun 08 2021 10:02pm
by Sarah
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/

Re: negative interest rates

Posted: Wed Jun 09 2021 9:05am
by parchedpeas
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/

Re: negative interest rates

Posted: Wed Jun 09 2021 9:50am
by pabenny
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)

Re: negative interest rates

Posted: Wed Jun 09 2021 10:05am
by parchedpeas
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!

Re: negative interest rates

Posted: Wed Jun 09 2021 10:29am
by planteria
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.

Re: negative interest rates

Posted: Wed Jun 09 2021 11:51am
by Sarah
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! ;)

Re: negative interest rates

Posted: Thu Jun 10 2021 11:21am
by planteria
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?