Savings

[SmoothRB]

fking wk!

I was getting 5% AER on my online saver a while ago now it is something like 0.85%.

WTF!

Why is the cash I have prudently saved being blasted away by inflation?

I am fking pissed off about this.

Edited by SmoothRB on Wednesday 19th May 11:23

[hornetrider]

Hey bro, thanks for the info.

<insert Jesus pic here>

[Mag1calTrev0r]

You'll be telling me next that there is a recession going on!

[Jasandjules]

Mag1calTrev0r said:

You'll be telling me next that there is a recession going on!

Impossible, Mr Brown said no more boom and bust, so it must still be booming....

[SmoothRB]

Mag1calTrev0r said:

You'll be telling me next that there is a recession going on!

Yeah but they just happen, but ---someone--- decided to rape my savings.

[Carfiend]

It is like saving anything is a futile exercise due to forces beyond your control taking any plans you make and throwing them out the window.

It is ok however as soon the resources will run out and cities will rise up on giant hydraulic legs to fight a series of wars for the last remaining supplies.

[Tiggsy]

Hang on....interest rates are down? WTF? Is this one BBC or SKY news yet?

[Maxf]

I dilligently put aside a nice chunk of money which is now being erroded at a rate not much different to a nice 993 Turbo. Hmmmm....

I really should be feathering my nest for the future, not thinking 'fk it I might as well buy a 911'.

[RichardD]

Maxf said:

...a nice 993 Turbo. Hmmmm....

Go for it, I think a car like that would be a better store of value than GBP!

[Devil2575]

My savings were being murdered as my bank decided to drop the rate from 3.6% after tax to 0.05%.

So now my savings are not earning any interest but they are offset against my mortgage.

My mortgage rate is higher than any savings rate I could currently get, at least if I don't want them tied in.

[Mr E]

I spent all my savings on a faster car.

[Mag1calTrev0r]

SmoothRB said:

Mag1calTrev0r said:

You'll be telling me next that there is a recession going on!

Yeah but they just happen, but ---someone--- decided to rape my savings.

Blimey, you'll be telling me next that the recession did this to your savings!

[JacksHereR]

was expecting this thread to have been bumped from over a year ago lol

i was tempted to buy a v8v but 30k astons disappeared within hours of clarkson opening his big mouth

[Deva Link]

I saw a letter in a newspaper not very long ago from a widow who had put £50K (everything she had, apparently) into Marconi shares and thought it was completely unacceptable that her money had gone and that "something should be done about it".

[Tiggsy]

Something should...roll up that newspaper and smack her round the head with it

[Mojocvh]

SmoothRB said:

Mag1calTrev0r said:

You'll be telling me next that there is a recession going on!

Yeah but they just happen, but ---someone--- decided to rape my savings.

Well you can always put more aside, at least it wasn't your pension

[AlexS]

I had the same problem with my savings account (the current account gets far more interest but only on the first 1K in there) so I went out and bought an Elise

[SmoothRB]

Deva Link said:

I saw a letter in a newspaper not very long ago from a widow who had put £50K (everything she had, apparently) into Marconi shares and thought it was completely unacceptable that her money had gone and that "something should be done about it".

fk off.

Cash in a bank is not fking shares.

My interest is effectively set by the state...they decided to punish prudent savers and reward reckless borrowers by slashing interests rates.

It's political.

[okgo]

Smooth RB I know you're a bit of a helmet at the best of times but this thread is a year out of date, shhh.

[birdcage]

SmoothRB said:

Deva Link said:

I saw a letter in a newspaper not very long ago from a widow who had put £50K (everything she had, apparently) into Marconi shares and thought it was completely unacceptable that her money had gone and that "something should be done about it".

fk off.

Cash in a bank is not fking shares.

My interest is effectively set by the state...they decided to punish prudent savers and reward reckless borrowers by slashing interests rates.

It's political.

What's political exactly? You can still get 3-4% with a bit of looking around...You just need to pull your head out of your arse