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Interest Rates

(28 Posts)
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Charleygirl Mon 12-Jan-15 12:08:57

That is unbelievable- such a measly amount. I have an on line account with a bond maturing at the end of this month and for my loyalty I am offered 2.30% to reinvest for another 2 years which I have done. I cannot see the rates going up any time soon and even if they do, savers will be the last to benefit.

You could transfer it to whatever account George Osbourne is offering us at the end of this month but you will have to be over 65.

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tanith Mon 12-Jan-15 12:07:23

annsixty have you thought about opening a bank acc that pays interest some of them are better than savings accounts. You usually have to pay in so much a month but I have my pension paid in and a couple of DD which qualifies me for 3% interest on anything over £3K in the Account.

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annsixty Mon 12-Jan-15 12:02:19

I have just received a letter from my bank informing me that the interest rate on an Easy Access account I hold is going down to 0.2%. It currently has about £4000 in it. This will bring in £8 a year. I have used this year's ISA allowance and at my age do not want money tying up for years.
I feel like withdrawing most of it and going to the shops and buying any special offers on cleaning products, household goods etc. for a year.I think I would save much more than the interest lost. Storage space of course is another matter.

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