Best return for locking cash for 3yrs?
- Thread starter ivrytwr3
- Start date
OP is taking advice from dailymail?
www.thisismoney.co.uk
why would anyone lock in at 3.2%
Union Bank of India (UK) launches one-year savings deal paying 3.2%
A new best buy, one-year fixed rate savings deal has hit the market paying 3.2%. Union Bank of India (UK) launched the deal on Friday.
why would anyone lock in at 3.2%
For 3 years? We could be anywhere in 3 years. If OP is happy to take the risk of his money halving then sure.
...because the best instant access accounts are still well below 2%?
OP is taking advice from dailymail?
Union Bank of India (UK) launches one-year savings deal paying 3.2%
A new best buy, one-year fixed rate savings deal has hit the market paying 3.2%. Union Bank of India (UK) launched the deal on Friday.
why would anyone lock in at 3.2%
3.2% is decent. It's not inflation beating but it's a guaranteed fixed rate of return, I'd challenge you to find anything better over 1 year.
you probably will be able to get 5% by early next year
could probably do better over a week in stonks
And then you might be able to get 6% by 2024. If you keep waiting for the best rate you'll end up never doing anything.
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I well remember my old man getting 17% risk free, shortly after selling a couple of properties. Heady days...
He'd sometimes go out at 10.00 PM and we wouldn't see him until well after after the milkman had been the next morning. He liked a gamble and would be off to Blackpool with his cousin to the Lemon Tree Casino. Drove there and back, night after night from south Manchester, never seemed to get tired, and still did an awesome days work after a good breakfast.
Luckily he had his head screwed on and knew what he could afford to blow and when to stop. His cousin sadly did not.
Wonder where the interest rates will peg this time?
He'd sometimes go out at 10.00 PM and we wouldn't see him until well after after the milkman had been the next morning. He liked a gamble and would be off to Blackpool with his cousin to the Lemon Tree Casino. Drove there and back, night after night from south Manchester, never seemed to get tired, and still did an awesome days work after a good breakfast.
Luckily he had his head screwed on and knew what he could afford to blow and when to stop. His cousin sadly did not.
Wonder where the interest rates will peg this time?
lol at all the stonks experts who have only traded the good times. We are about to see a lot of upset folkyou probably will be able to get 5% by early next year
could probably do better over a week in stonks
People are greedy and still think 10% is normal...
17%, the dream.
I'm mostly cashlol at all the stonks experts who have only traded the good times. We are about to see a lot of upset folk
but grabbed RR on Friday then sold today for an easy 4% Have you become flush in the last few months or did you make a quid?I'm mostly cash