Tuesday, Jun 22, 2010
Emergency budget: beware
A nightmare round the corner?: Greg Pytel
Are we saving to help the bankers?
Posted by ant @ 04:59 PM (503 views) Add Comment
3 Comments
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1. Mmeg said...
Interesting point. Yes our saving help provide the capital ratios that bank are required to mantain.Anyone with a wedge of savings earn 1-2% is supporting lower interest rates.
I have come to the conclusion that the only way forward is to withdraw any cash I have in the bank an put it into corporate bonds (6%), goverment debt (uk 3.4% or otherwise) and high yielding shares (take your pick many are earning 6%..)
Leaving large sums of cash on deposit leaves me feeling such a sucker. The only way to get and descent return and perhaps force banks to offer decent rates is to invest elsewhere
FTB of UK join together !!!!
2. mr g said...
If you're prepared to put some effort into it, you can do better than 1-2%.
Look at some of the current account offers. They may only pay a better rate on modest amounts but it's the principal of beating these poxy interest rates that counts!
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