TheCountOfNowhere Posted June 8, 2015 Share Posted June 8, 2015 (edited) Anyone recommend the State bank of India? I see they are doing a 2.9% bond ( not the highest you can get, 3.00 with other dodgy companies ) can anyone recommend them or is it a "too good to be true" ? With UK deflation looming i'm thinking this is a great deal ( today ). Edited June 8, 2015 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Blod Posted June 8, 2015 Share Posted June 8, 2015 I think we are both in the same boat. It looks like they do have some protection. http://www.sbiuk.com/personal-banking/personal/fixed-deposits/online-hi-return-fixed-deposit-account Quote Link to comment Share on other sites More sharing options...
Blod Posted June 8, 2015 Share Posted June 8, 2015 I can only find five year rates of 2.9%. Where did you see that offer? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 8, 2015 Author Share Posted June 8, 2015 I can only find five year rates of 2.9%. Where did you see that offer? Sorry, was 5 years, not 3. DOH. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 8, 2015 Author Share Posted June 8, 2015 I think we are both in the same boat. It looks like they do have some protection. http://www.sbiuk.com/personal-banking/personal/fixed-deposits/online-hi-return-fixed-deposit-account I think we are all in the same boat !!! I cant remember when I last opened a savings account with one of the traditional/state owned bank. My riskiest investment is Zopa returning 5%+, but everything else is FCSC protected, for what thats worth, Quote Link to comment Share on other sites More sharing options...
Blod Posted June 8, 2015 Share Posted June 8, 2015 Yeah, I have the added headache of having to find Bonds that can held by trusts. This one looks interesting if you can live with the £50k FSCS protection. https://info.castletrust.co.uk/landing/dtc/frb-02/?ct_source=google&ct_medium=cpc&ct_term=high%20interest%20bonds%20%3E%20[exact]&ct_content=gec&ct_campaign=3_GC__Drivers_FRB_Exact_Others&gclid=Cj0KEQjw18-rBRDogrTg4Lusuu0BEiQACs8YQmIp7gnwAks_R6HoxqMrk20GF0JXr848b60rl61BGlkaArGT8P8HAQ Quote Link to comment Share on other sites More sharing options...
R K Posted June 8, 2015 Share Posted June 8, 2015 #ukip on "coming over 'ere stealing our savings......" #ukip off Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted June 8, 2015 Share Posted June 8, 2015 #ukip on "coming over 'ere stealing our savings......" #ukip off #real_captialism on "free market" #real_captialism off Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted June 8, 2015 Share Posted June 8, 2015 I was sat in Bahrain airport yesterday and saw an advert for the Bank of India...I nearly took a photo of it to post here but then realised that I dont care that much. It had a set of clocks implying that the bank had its finger on important financial time zones. Hong Kong, Bahrain, South Africa, India and...GERMANY. Now despite the fact that we do not associate economic centres with "countries" and that I can understand Bahrain and India being on the list...where is USA and UK??? Why Germany??? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 8, 2015 Author Share Posted June 8, 2015 I was sat in Bahrain airport yesterday and saw an advert for the Bank of India...I nearly took a photo of it to post here but then realised that I dont care that much. It had a set of clocks implying that the bank had its finger on important financial time zones. Hong Kong, Bahrain, South Africa, India and...GERMANY. Now despite the fact that we do not associate economic centres with "countries" and that I can understand Bahrain and India being on the list...where is USA and UK??? Why Germany??? Germany, the most important economic power in Western Europe. Why not !!! Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted June 8, 2015 Share Posted June 8, 2015 Germany, the most important economic power in Western Europe. Why not !!! I agree with you but there are probably several thousand employees in the City of London who do not. That aside how can any bank leave out the USA? I suppose we should be grateful that Brazil and Russia were not on that list. It was all just an idle observation whilst waiting for my baggage....but perhaps we will start to see more references to the BRICS plus Germany and less to the Anglo American world in the future? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 8, 2015 Author Share Posted June 8, 2015 I agree with you but there are probably several thousand employees in the City of London who do not. That aside how can any bank leave out the USA? I suppose we should be grateful that Brazil and Russia were not on that list. It was all just an idle observation whilst waiting for my baggage....but perhaps we will start to see more references to the BRICS plus Germany and less to the Anglo American world in the future? I agree with you but there are probably several thousand employees in the City of London who do not. yeah, that's why we are in the mess we are in. The US system and the UK system seems to be based on the same thing.....NOTHING OF ANY SUBSTANCE. Just self perpetuating debt. For anyone that thinks the Uk is going to face problems you must also suspect the US will be in a right state at some point and remember, the general populous there own guns !!! Not sure I'd want to be a US banker if it all goes south Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted June 8, 2015 Share Posted June 8, 2015 Yep seems to be covered by the FSA 85k guarantee. Would want to triple check on this before I committed 85k mind. http://moneyfacts.co.uk/guides/savings/depositor-protection-schemes-if-a-bank-goes-bust180112/ Quote Link to comment Share on other sites More sharing options...
Venger Posted June 8, 2015 Share Posted June 8, 2015 I was wondering where they in turn might invest a saver's savings. They do BTL mortgages (for borrowers who apply and pass their criteria - not dragged into applying against their will). http://www.sbiuk.com/personal-banking/personal/borrowing/buy-to-let-mortgages Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 9, 2015 Author Share Posted June 9, 2015 (edited) I was wondering where they in turn might invest a saver's savings. They do BTL mortgages (for borrowers who apply and pass their criteria - not dragged into applying against their will). http://www.sbiuk.com/personal-banking/personal/borrowing/buy-to-let-mortgages Probably goes straight to India where interest rates are much higher. Anyways, i've gone mental and got my 5 year bond. another 15K less to invest waste on housing. 3% above inflation....thats good going Edited June 9, 2015 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
R K Posted June 9, 2015 Share Posted June 9, 2015 #real_captialism on "free market" #real_captialism off Only for capital? not for people? Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted June 12, 2015 Share Posted June 12, 2015 Am I correct in thinking £73,500 invested in the five year bond would become 84,950 at the end of term? i.e. still under the £85k guarantee. Quote Link to comment Share on other sites More sharing options...
justthisbloke Posted June 13, 2015 Share Posted June 13, 2015 Yup. Although my maths makes it £73,678.71 Quote Link to comment Share on other sites More sharing options...
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