negative interest rates

Money, investing, mutuals etc
Sarah
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Re: negative interest rates

Post by Sarah » Mon Sep 21, 2020 1:14 pm

expressman33 wrote:
Fri Sep 18, 2020 4:08 pm
1.15% at NS&I https://www.nsandi.com/income-bonds
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

AAAlphaThunder
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Re: negative interest rates

Post by AAAlphaThunder » Mon Sep 21, 2020 5:01 pm

Sarah wrote:
Mon Sep 21, 2020 1:14 pm
expressman33 wrote:
Fri Sep 18, 2020 4:08 pm
1.15% at NS&I https://www.nsandi.com/income-bonds
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.
[Secretary] imutual Cashback Investment Club

Richard Frost
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Re: negative interest rates

Post by Richard Frost » Mon Sep 21, 2020 5:27 pm

AAAlphaThunder wrote:
Mon Sep 21, 2020 5:01 pm
Sarah wrote:
Mon Sep 21, 2020 1:14 pm
expressman33 wrote:
Fri Sep 18, 2020 4:08 pm
1.15% at NS&I https://www.nsandi.com/income-bonds
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

planteria
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Re: negative interest rates

Post by planteria » Mon Sep 21, 2020 10:21 pm

normalising.. but 1% is not appealing for an average return from PBs.

pabenny
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Re: negative interest rates

Post by pabenny » Tue Sep 22, 2020 7:21 am

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.

AAAlphaThunder
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Re: negative interest rates

Post by AAAlphaThunder » Wed Sep 23, 2020 1:28 am

Sarah wrote:
Mon Sep 21, 2020 1:14 pm
expressman33 wrote:
Fri Sep 18, 2020 4:08 pm
1.15% at NS&I https://www.nsandi.com/income-bonds
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/
[Secretary] imutual Cashback Investment Club

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