You'd have to be mental to be living on credit right now.You need to liquidise any assets you can and get it into savings. Savers will do well out of this.
(
Pasanonic 's been known to cause insanity in laboratory mice,
Wed 1 Apr 2009, 15:46,
archived)
Yeah, I'm doing fabulously with my 1-2% interest rates.I'll be shopping around soon.
On the plus side, I'm saving for a deposit and house prices are coming down while my money goes up (slowly).
(On the plus side, I'm saving for a deposit and house prices are coming down while my money goes up (slowly).
my other username is a porsche , posting shit pictures so you don't have to,
Wed 1 Apr 2009, 15:47,
archived)
Me and her have been discussing property.There are two houses in our area that are at around 50% of their 2007 value and whilst we'll not see that kind of recovery I think that there will be a tidy profit in both of them.
( Pasanonic 's been known to cause insanity in laboratory mice,
Wed 1 Apr 2009, 15:50,
archived)
Nothing personal, but I do hope there's not that kind of recovery.It seems short sighted at best for people to have thought that steeply rising house prices were a good thing.
( my other username is a porsche , posting shit pictures so you don't have to,
Wed 1 Apr 2009, 15:54,
archived)
%1 plus an occasional prize?I'll see what I can get elsewhere first. Most of it's living in an ISA anyway.
( my other username is a porsche , posting shit pictures so you don't have to,
Wed 1 Apr 2009, 16:00,
archived)
If you've got the max amount you can have you get at least £50 every couple of months(or at least you used to, it's years since I had any, actually)
..but at the time it was at least equivalent to having savings with a decent interest rate, with just a chance of getting really lucky...
(..but at the time it was at least equivalent to having savings with a decent interest rate, with just a chance of getting really lucky...
Barbarossa is not my real name,
Wed 1 Apr 2009, 16:02,
archived)
There's a handy calculator here.www.moneysavingexpert.com/savings/premium-bonds-calculator/
I'll look into it, but with people being paranoid about banks, I think the odds are getting worse at the moment.
(I'll look into it, but with people being paranoid about banks, I think the odds are getting worse at the moment.
my other username is a porsche , posting shit pictures so you don't have to,
Wed 1 Apr 2009, 16:05,
archived)
Hmmm, not as good as I remember, actually. Barbarossa is not my real name,
Wed 1 Apr 2009, 16:09,
archived)
arrrg.The only person making money from moneysavingsexpert is martin lewis. the twunt.
( Pasanonic 's been known to cause insanity in laboratory mice,
Wed 1 Apr 2009, 16:09,
archived)
You can get 4% on a two year fixed term fixed rate bondand should have no problem getting over 3% on 12 months bonds.
www.lovemoney.com/savings/term-bond-accounts.aspx
(www.lovemoney.com/savings/term-bond-accounts.aspx
Pasanonic 's been known to cause insanity in laboratory mice,
Wed 1 Apr 2009, 16:06,
archived)
I wouldn't be surprised if rates were higher than that in a couple of years.I'll probably look for a decent 1-year thing. Cheers for the link.
( my other username is a porsche , posting shit pictures so you don't have to,
Wed 1 Apr 2009, 16:09,
archived)
NP.I agree that they will go up. It's just that with a fixed rate bond your profit is guaranteed. You can already find better rates but being index linked they are really risky right now.
( Pasanonic 's been known to cause insanity in laboratory mice,
Wed 1 Apr 2009, 16:15,
archived)