General Chat

Top tip - using the Genes Reunited community

Welcome to the Genes Reunited community boards!

  • The Genes Reunited community is made up of millions of people with similar interests. Discover your family history and make life long friends along the way.
  • You will find a close knit but welcoming group of keen genealogists all prepared to offer advice and help to new members.
  • And it's not all serious business. The boards are often a place to relax and be entertained by all kinds of subjects.
  • The Genes community will go out of their way to help you, so don’t be shy about asking for help.

Boards

Quick Search

Single word search

Tools

Findmypast DNA Banner

Icons

  • New posts
  • No new posts
  • Thread closed
  • Stickied, new posts
  • Stickied, no new posts

Interest Rates

Login to Add Reply Watch This
ProfilePosted byOptionsPost Date

BrianW

BrianW Report 9 Apr 2009 11:52

The MPC is due to announce any change to the current 0.5% bank rate at 12.00. No change is expected.

For anyone relying on savings the current rates are a disaster: on the majority of savings accounts you get 0.1% which means that you have to invest £1,000 to get £1 a year interest : Before Tax !

It's not worth the shoe leather to pay in: better to keep it under the mattress.

Researching:
Sherwood (Kent); Jesson (London); Worboys (Herts)

AnninGlos

AnninGlos Report 9 Apr 2009 12:25

There are still some ISAs paying a bit more interest.

Ann
Glos

Researching:
Photo spring Researching Somerset, Dorset, Hampshire, Derbyshire, Staffs, Devon, Glamorganshire. Ingram, Masters, Tamblyn, Knight, Warner, Bate, Allen, Riggs, Dominey, Duffin

BrianW

BrianW Report 9 Apr 2009 12:50

Yes there are ISAs, but what you can put in is limited.

I am trying to invest the proceeds of MIL's house to get income for her to live on: 15 months ago the Halifax online saver was paying 5%, now it's 0.1%.

If you're investing a couple of hunded grand that makes one heck of a difference!

Researching:
Sherwood (Kent); Jesson (London); Worboys (Herts)

AnninGlos

AnninGlos Report 9 Apr 2009 13:04

Annie that is what we did too.

Researching:
Photo spring Researching Somerset, Dorset, Hampshire, Derbyshire, Staffs, Devon, Glamorganshire. Ingram, Masters, Tamblyn, Knight, Warner, Bate, Allen, Riggs, Dominey, Duffin

Purple **^*Sparkly*^** Diamond

Purple **^*Sparkly*^** Diamond Report 10 Apr 2009 03:30

Ros was talking about investing with a Credit Union the other day, for better interest rate

Lizx

CATHKIN

CATHKIN Report 10 Apr 2009 14:54

I`LL NUDGE UP CREDIT UNION THREAD

BrianW

BrianW Report 9 May 2009 06:36

I've got over £300,000 on deposit at work which is now earning less than £30 a month.

Not long ago it was earning nearly £1,000 a month.

But if you want a loan the rate hasn't come down at all.

The banks must be really coining it.

Researching:
Sherwood (Kent); Jesson (London); Worboys (Herts)

CATHKIN

CATHKIN Report 9 May 2009 11:22

credit union 1 % guaranteed this year `s interest-the Glasgow branch that I`m in but they all vary , no fat cats get the interest