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jones87

Natwest "risk Free" Bond - 27.5% Over 5 Years....

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Was plastered all over my Natwest branch today clearly typed up on their computer and photocopied numberous times ;) , can't find anything about it on the internet.

I asked how many years it was and she said 5, I asked for leaflet - she didnt have one. "Do you want us speak to someone about it" NO! "How about tomorrow?" BYE....

It was £3,000 minimum and "Risk Free" (according to the amateur sign)

What am I missing here?

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It's probably 27.5% return over 5 years, so the APR is just less than 5% (or there abouts). I also bet it's lock in, and you can't touch it over that period.

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Was plastered all over my Natwest branch today clearly typed up on their computer and photocopied numberous times ;) , can't find anything about it on the internet.

I asked how many years it was and she said 5, I asked for leaflet - she didnt have one. "Do you want us speak to someone about it" NO! "How about tomorrow?" BYE....

It was £3,000 minimum and "Risk Free" (according to the amateur sign)

What am I missing here?

Nothing much! Can't be arsed to do the the exact arithmetic, but getting back 127.50 for every 100 put in, at the end of 5 years is (I think!) about 4.6% p.a. You didn't think it was 27% p.a. for each of the next 5 years??

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Was plastered all over my Natwest branch today clearly typed up on their computer and photocopied numberous times ;) , can't find anything about it on the internet.

I asked how many years it was and she said 5, I asked for leaflet - she didnt have one. "Do you want us speak to someone about it" NO! "How about tomorrow?" BYE....

It was £3,000 minimum and "Risk Free" (according to the amateur sign)

What am I missing here?

It works out about 4.98% AER. You can get 5% elsewhere, so it is an almost chart topping, but not too good to be true rate. If you don't mind tying up your money for 5 years, and you don't think rates will increase by much in that time, then go for it.

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It works out about 4.98% AER. You can get 5% elsewhere, so it is an almost chart topping, but not too good to be true rate. If you don't mind tying up your money for 5 years, and you don't think rates will increase by much in that time, then go for it.

Rates are going to go above 5% pretty soon IMO to combat INFLATION

Note - INFLATION not DEFLATION

Capitalised for the economically and intellectually challenged

:P

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At least I know when to use hyphens and commas (whilst very drunk, may I add). My name is Kilroy, and I am a deflationista.

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Rates are going to go above 5% pretty soon IMO to combat INFLATION

Note - INFLATION not DEFLATION

The STAG feels left out :(

..................................

27% of fiat over five years? - Pah! I'd rather take my chances with gold over 5 days

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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