TheCountOfNowhere Posted November 13, 2013 Share Posted November 13, 2013 Due to the insane interest rates for savers backed by the government Take a Haircut scheme I've had to lock all my money away for at least the next 18 months just to get around a 2% return I now only have enough in the bank to live off for 6 months if I loose my job. I couldn't now buy a house even if I wanted too, even with the loony vote loosing HTB2 scheme scam. Savers are as savers do. The law of unintended consequence continue. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted November 13, 2013 Share Posted November 13, 2013 Where did you hide your money? http://www.moneysavingexpert.com/savings/savings-accounts-best-interest#fixed Quote Link to comment Share on other sites More sharing options...
Kurt Barlow Posted November 13, 2013 Share Posted November 13, 2013 Where did you hide your money? http://www.moneysavingexpert.com/savings/savings-accounts-best-interest#fixed BTL crowdsourcing fund Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 13, 2013 Author Share Posted November 13, 2013 Where did you hide your money? http://www.moneysavingexpert.com/savings/savings-accounts-best-interest#fixed Everywhere !!!! My list of fixed term bonds is extensive. Several long term cash ISAs. I've sold the last of my gold. I've started using Zopa ( made 11p do far ), money tied up for 5 years. I've put a little money into Funding Circle. I have a wedge in NS&I bonds. My get at fast cash is in Premium bonds 1.3% tax free, now a must for any higher rate tax payer ). If the current madness continues we am leaving the country and as the above matures moving it off shore. I have no desire to buy a house now...it's a fair bet now it will be the governments preferred taxation cash cow in the future. Quote Link to comment Share on other sites More sharing options...
conspirator Posted November 13, 2013 Share Posted November 13, 2013 The most sensible places to loan money at the moment seem to be Virgin for ISAs (3% on a 5 year fix, but with the opportunity for early withdrawals at a cost of 180 days interest - making it better than the 2% alternatives as long as you plan on holding it for 18 months or more), and Santander's '123' current account for non-ISAs, also paying 3% if you can be bothered to jump through the hoops and pay the £24 a year fee. Since firstdirect dropped their rates last month, there don't seem to be any easy access ISAs that offer a real return. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 13, 2013 Author Share Posted November 13, 2013 The most sensible places to loan money at the moment seem to be Virgin for ISAs (3% on a 5 year fix, but with the opportunity for early withdrawals at a cost of 180 days interest - making it better than the 2% alternatives as long as you plan on holding it for 18 months or more), and Santander's '123' current account for non-ISAs, also paying 3% if you can be bothered to jump through the hoops and pay the £24 a year fee. Since firstdirect dropped their rates last month, there don't seem to be any easy access ISAs that offer a real return. I went for one of these: http://www.leedsbuildingsociety.co.uk/pressoffice/press-release/press-release-19-09-2013.html If the interest rates don't go up for 2 years I'd not loose much. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 13, 2013 Author Share Posted November 13, 2013 The skipton has done some betyter rates recently too: http://www.skipton.co.uk/savings_and_investments/e-savings/E-Bonds/ if you have a child: http://www.skipton.co.uk/savings_and_investments/childrens_savings/childrens_bond/ or for easy access: http://www.skipton.co.uk/savings_and_investments/childrens_savings/leap_account/ Quote Link to comment Share on other sites More sharing options...
cuddlybear Posted November 13, 2013 Share Posted November 13, 2013 Bank of East Asia UK branch offers 2.5% instant access on cash ISA balances over £40,000 Planning to pay them a visit tomorrow to invite them to take over from First Direct (previously paying 3% on >£40,000, cut to 2% with effect from 1st November) Last year I was with Natwest at 3.5% easy access, this is really starting to annoy me now! Quote Link to comment Share on other sites More sharing options...
porca misèria Posted November 13, 2013 Share Posted November 13, 2013 Meanwhile my VC portfolio (value £100k) is on target to generate between £8k and £9k this year. Tax-free! Quote Link to comment Share on other sites More sharing options...
23rdian Posted November 13, 2013 Share Posted November 13, 2013 (edited) Sounds good, VC is Victor Chandler? Or something else? I'm currently making use of an obscure Santander account paying 3% instant access And a Newcastle ISA paying 5% until 2016 Edited November 13, 2013 by 23rdian Quote Link to comment Share on other sites More sharing options...
jammo Posted November 13, 2013 Share Posted November 13, 2013 I am also out of the game. I am set to have a house fall into my hands mortgage free from the ether. If it had not so fallen, I would have departed these shores. I still may. It is the knowledge that even though I now have a house mortgage and rent free, my future children will still be snared by the evil that is the UK housing market. I would prefer them (once they exist) to have space to mature and develop, not feel pressed down upon by some rentier scum or letting agent scum and made to feel they are not quite human like they tried to for me for the last few of years, even though I earned more than them and my career pays more than CPI and HPI combined. Now I despise this country, and even the great deeds of the great war seem like it was another country to be honest. Who else here feels the same? Quote Link to comment Share on other sites More sharing options...
SEW247 Posted November 14, 2013 Share Posted November 14, 2013 I'm about to take the plunge in January and sell my 2 bed flat in N London and buy in SE London. Maxi ISA has been doing well, cash ISA has been poor and as for the gold, let's just not talk about it My flat has been valued at £500k which is up £100k+ since a year ago, plus SE London seems to be going up exponentially over the last year but is still the only inner London area where you can get a 4 bedder for less than £750k I guess I was lucky to have bought my flat in 2006 for £247k with a 25% deposit and I can now get a ten year fix for 3.89% which works out very cheap on a £300k mortgage for a £600k 4 bed house. I've given up on the idea of saving up a load of £££ and waiting for a drop which isn't going to come in the next year. Quote Link to comment Share on other sites More sharing options...
bristolhunter Posted November 14, 2013 Share Posted November 14, 2013 even the great deeds of the great war seem like it was another country to be honest. Who else here feels the same? Of course it was. Nearly nobody left who was alive during it, nobody alive who fought in it, those who did had a completely different set of values and expectations in life. It would be bizarre if things were as they were in 1914! Quote Link to comment Share on other sites More sharing options...
tahoma Posted November 15, 2013 Share Posted November 15, 2013 Of course it was. Nearly nobody left who was alive during it, nobody alive who fought in it, those who did had a completely different set of values and expectations in life. It would be bizarre if things were as they were in 1914! So why bother? If everyone is so renewed and trendy and beamed straight in from the planet Now, how about we not bother next time and not have a generation of young men utterly decimated? As long as we all get to consume the latest Lily Allen video, itz all good innit? Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted November 15, 2013 Share Posted November 15, 2013 This is how to get a £100,000 deposit (Only available to "canny purchasers" and "astute investors" though.) Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted November 15, 2013 Share Posted November 15, 2013 This is how to get a £100,000 deposit (Only available to "canny purchasers" and "astute investors" though.) Ha. Quote Link to comment Share on other sites More sharing options...
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