negative interest rates

[Sarah]

1.15% at NS&I https://www.nsandi.com/income-bonds

The rate for this product is dropping to 0.01% from 24th November.

Also their Investment Account will drop to the same rate. Direct Saver (currently 1.00%) will drop to 0.15% effective from the same date. Premium Bonds prize fund will be dropping from 1.40% to 1.00% for the December draw.

https://nsandi-corporate.com/news-resea ... ember-2020

[AAAlphaThunder]

1.15% at NS&I https://www.nsandi.com/income-bonds

The rate for this product is dropping to 0.01% from 24th November.

Also their Investment Account will drop to the same rate. Direct Saver (currently 1.00%) will drop to 0.15% effective from the same date. Premium Bonds prize fund will be dropping from 1.40% to 1.00% for the December draw.

https://nsandi-corporate.com/news-resea ... ember-2020

How the mighty have fallen.

[Richard Frost]

1.15% at NS&I https://www.nsandi.com/income-bonds

The rate for this product is dropping to 0.01% from 24th November.

Also their Investment Account will drop to the same rate. Direct Saver (currently 1.00%) will drop to 0.15% effective from the same date. Premium Bonds prize fund will be dropping from 1.40% to 1.00% for the December draw.

https://nsandi-corporate.com/news-resea ... ember-2020

How the mighty have fallen.

Thunderbog you do spout some rubbish at times, it just means that NS&I have reached the target that was set for them and as they say in the release, normalise and align the rates with savings in general.
https://en.wikipedia.org/wiki/National_ ... nvestments

[planteria]

normalising.. but 1% is not appealing for an average return from PBs.

[pabenny]

1% mean return is very unattractive on premium bonds.
The big money 'prizes' skew the mean return and most holders earn considerably less than 1%. The more meaningful average is the median return.

[AAAlphaThunder]

1.15% at NS&I https://www.nsandi.com/income-bonds

The rate for this product is dropping to 0.01% from 24th November.

Also their Investment Account will drop to the same rate. Direct Saver (currently 1.00%) will drop to 0.15% effective from the same date. Premium Bonds prize fund will be dropping from 1.40% to 1.00% for the December draw.

https://nsandi-corporate.com/news-resea ... ember-2020

MSE Analysis:
https://www.moneysavingexpert.com/savin ... -interest/

[pabenny]

so..
i'd be prepared to bet that Gold is higher priced, in pounds, a year from now than it is today?

You're on.

The price quoted on gold.co.uk is around GBP1400. I bet you one imutual share that it's less than that on 1 June 2021.

A couple of weeks late, the half-time position is today's gold price is GBP1381.

[planteria]

and you don't think it will be higher in June of next year?

[pabenny]

No. Same reasons I gave in May/June last year: gold has been at a historic high. With some reduction in weakness of GBP, the only way for gold is down.

[planteria]

i think gold will move up - but for me it's only really a secondary hedge behind bitcoin.