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Re: negative interest rates
Posted: Mon Sep 21 2020 1:14pm
by Sarah
The rate for this product is dropping to 0.01% from 24th November.
Also their Investment Account will drop to the same rate. Direct Saver (currently 1.00%) will drop to 0.15% effective from the same date. Premium Bonds prize fund will be dropping from 1.40% to 1.00% for the December draw.
https://nsandi-corporate.com/news-resea ... ember-2020
Re: negative interest rates
Posted: Mon Sep 21 2020 5:01pm
by BeautifulSunshine
Sarah wrote: ↑Mon Sep 21 2020 1:14pm
The rate for this product is dropping to 0.01% from 24th November.
Also their Investment Account will drop to the same rate. Direct Saver (currently 1.00%) will drop to 0.15% effective from the same date. Premium Bonds prize fund will be dropping from 1.40% to 1.00% for the December draw.
https://nsandi-corporate.com/news-resea ... ember-2020
How the mighty have fallen.
Re: negative interest rates
Posted: Mon Sep 21 2020 5:27pm
by Richard Frost
AAAlphaThunder wrote: ↑Mon Sep 21 2020 5:01pm
Sarah wrote: ↑Mon Sep 21 2020 1:14pm
The rate for this product is dropping to 0.01% from 24th November.
Also their Investment Account will drop to the same rate. Direct Saver (currently 1.00%) will drop to 0.15% effective from the same date. Premium Bonds prize fund will be dropping from 1.40% to 1.00% for the December draw.
https://nsandi-corporate.com/news-resea ... ember-2020
How the mighty have fallen.
Thunderbog you do spout some rubbish at times, it just means that NS&I have reached the target that was set for them and as they say in the release, normalise and align the rates with savings in general.
https://en.wikipedia.org/wiki/National_ ... nvestments
Re: negative interest rates
Posted: Mon Sep 21 2020 10:21pm
by planteria
normalising.. but 1% is not appealing for an average return from PBs.
Re: negative interest rates
Posted: Tue Sep 22 2020 7:21am
by pabenny
1% mean return is very unattractive on premium bonds.
The big money 'prizes' skew the mean return and most holders earn considerably less than 1%. The more meaningful average is the median return.
Re: negative interest rates
Posted: Wed Sep 23 2020 1:28am
by BeautifulSunshine
Sarah wrote: ↑Mon Sep 21 2020 1:14pm
The rate for this product is dropping to 0.01% from 24th November.
Also their Investment Account will drop to the same rate. Direct Saver (currently 1.00%) will drop to 0.15% effective from the same date. Premium Bonds prize fund will be dropping from 1.40% to 1.00% for the December draw.
https://nsandi-corporate.com/news-resea ... ember-2020
MSE Analysis:
https://www.moneysavingexpert.com/savin ... -interest/
Re: negative interest rates
Posted: Tue Dec 15 2020 11:42am
by pabenny
pabenny wrote: ↑Sat May 30 2020 10:53am
planteria wrote: ↑Fri May 29 2020 8:59am
so..
i'd be prepared to bet that Gold is higher priced, in pounds, a year from now than it is today?
You're on.
The price quoted on gold.co.uk is around GBP1400. I bet you one imutual share that it's less than that on 1 June 2021.
A couple of weeks late, the half-time position is today's gold price is GBP1381.
Re: negative interest rates
Posted: Tue Dec 15 2020 5:01pm
by planteria
and you don't think it will be higher in June of next year?
Re: negative interest rates
Posted: Wed Dec 16 2020 7:44am
by pabenny
No. Same reasons I gave in May/June last year: gold has been at a historic high. With some reduction in weakness of GBP, the only way for gold is down.
Re: negative interest rates
Posted: Wed Dec 16 2020 8:55pm
by planteria
i think gold will move up - but for me it's only really a secondary hedge behind bitcoin.