Interest rates

Same here, Brendawymms. I should be happy for our DD and DS who have mortgages but it's a grim outlook for savers.

Aren't our children's generation having a hard enough time though? High unemployment, wage freezes, housing shortages and can't get a mortgage anyway. It seems harsh to begrudge them some little help.

Some gransnetters (me included) have mortgages as well, but it's the young ones I feel sorry for.

I'm happy for DD a bit miffed for me, but I'm lucky and still working.

You can do better than 0.5%

Galen

Ah but my daughters own their houses outright.

Frank

How old are they?

Galen

I don't think I should give my daughter's ages out as they are women.
I think the estate agents found it hard to believe they did not need a mortgage.

Frank

Smug smug smug smug smug

They have wealthy husbands (dentists) and a VERT RICH father with a LONDON PENSION

Yes yes yes yes yes...

Galen

I don't think I should give my daughter's ages out as they are women.
I think the estate agents found it hard to believe they did not need a mortgage.

Frank

Also you can give (I believe) in the region of £2000 away every Yeats to your children.

Year? Where did the poet come from?

Actually you can gift as much as you like if you do not die in the next 7years.

Galen Dublin.

And for those of who live in the real world..........

Where's that ann?

brenda I agree with bluebell you can do a lot better than 0.5%.
Our current account with Santander pays up to 3% with cash back on utility bills paid by direct debit too.
And no I still haven't worked out what the catch is ........

Tegan where our children don't need mortgages, where we have £3000 each tax year to give to them and where we don't rely on interest on savings to live on.

Well I for one am pleased that the interest rates have stayed at 0.5% as I still have a mortgage to pay (sadly no London pension, or any other for that matter) . My children both have mortgages too as sadly no rich relatives in our family.

On balance I think I am pleased about the interest rates it will certainly help two of my daughters.

Frank - do these wealthy dentist husbands do any NHS dentistry?