- Location
- Somewhere wet & hilly in NW England.
Yeah, not sure I'm keen tbh, given my participation in the Icesave collapse last time around.
Have just done a couple of Santander ISAs at 4.15%; for the potential hassle I'd not say the additional earnings justify the risk..
👍👍
**Savings have made naff-all for too long !
Nice to be on the right side now 🙏
Don’t forget the interest on an FRB is potentially taxed at up to 40%
Absolutely; although depending on what you intend to spend your savings on you're still looking at a net loss of 6-10% annually.
Mine are earmarked for somewhere to live, so thankfully at the moment I don't feel that they're depreciating too much relative to what I intend to spend them on..
Liquid savings, always have been, and always will be inflation negative.
If people are lucky enough to have spare funds available beyond “emergency” back up balance, then need to look elsewhere.
It is the price of being able to call on them quickly.
Recall people moaning that their deposit accounts 30 odd years ago were “only “ earning them c10% when inflation was higher.