Premium bonds have fallen though the floor as well. I don't see any safe products on the market offering much in the way of interest.I'm keeping a close eye on the savings rates. Still clinging on to 1% for now but at the first signs of a big drop, I'll put it all into Premium Bonds.
I agree, but at least you've got a chance of winning something against a certainty of earning zero interest.Premium bonds have fallen though the floor as well. I don't see any safe products on the market offering much in the way of interest.
Highly unlikely that savings accounts will become negative %.........................but possible, and if they do, my money will be withdrawn and put under the mattress.
If there becomes no alternative to a fee paying bank account, I'll just have to take the view that if I want to use services such as DD, money transfers and so on, I'll have to pay for it. However, I will not pay a bank just to keep my money in, and would withdraw all sums as soon as they come in, and put them under the mattress also.
As usual, it will be the less well off, struggling unemployed/hard working families with no savings, who will be worst hit.
I just noticed part of my views being expressed above!Highly unlikely that savings accounts will become negative %.........................but possible, and if they do, my money will be withdrawn and put under the mattress.
If there becomes no alternative to a fee paying bank account, I'll just have to take the view that if I want to use services such as DD, money transfers and so on, I'll have to pay for it. However, I will not pay a bank just to keep my money in, and would withdraw all sums as soon as they come in, and put them under the mattress also.
As usual, it will be the less well off, struggling unemployed/hard working families with no savings, who will be worst hit.
I remember them too......that’s why I get hacked off when people complain about our generation having it so good! We paid hundreds per month and did without lots of things people take for granted now to get by.I would guess those last one's may have debts that will be easier to pay with lower interest rates, some of us can remember 15% mortgages, I would rather pay a small amount than have h good size lump of cash indoors.
Its difficult to pay high amounts of money because of negative Interest rates.?..when you have got no money.usual, it will be the less well off, struggling unemployed/hard working families with no savings, who will be worst hit.
Could be worse off. Or is this just a new jerk statement!?families with no savings, who will be worst hit.
I remember them too......that’s why I get hacked off when people complain about our generation having it so good! We paid hundreds per month and did without lots of things people take for granted now to get by.
Half agree, even with low interest rates house prices have gone up so much that lots of the young can't get on the housing ladder to begin with. A product of population growth in a realively overpopulated country.I remember them too......that’s why I get hacked off when people complain about our generation having it so good! We paid hundreds per month and did without lots of things people take for granted now to get by.