Tuesday, Apr 29, 2008
Nice home for your house deposit?
Moneysupermarket.com: ICICI Bank 7% 1 year fixed term deposits
Lets see 5.6% net + 15% drop in house prices = 15.6% yield= Much better yield than buy to let.
Posted by cheekie charlie @ 01:57 PM (302 views) Add Comment
3 Comments
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1. yoyo1 said...
Thanks for posting this cc. As Paul mentioned a wee while ago a savings war is hotting up. The negative media campaign against Iceland didn't work so the UK banks will have to start to up their rates if they are serious about winning savers money.
2. p. doff said...
I haven't seen much evidence of a savings war. UK lenders fixed rate accounts and bonds are quite common around 6.25% - 6.5% and these have no strings attached. With this Indian ICICI you have to open another account with them first. With the Icelandic banks like Kaupthing you might get 6.7% or whatever, but IMHO there is still that nigglynaggly doubt about the ease of getting all your money back in a worst case scenario.
3. yoyo1 said...
p doff, have patience