NS&I to offer new savings bond
Discussion
https://www.express.co.uk/finance/personalfinance/...
NS&I, the Treasury-backed savings organisation which offers Premium Bonds and other savings products, will offer a new green savings bond, HM Treasury announced last night.
No idea what's involved, how much you can invest or what the returns will be. I doubt we'll see much in the way of interest rate rises for some time.
NS&I, the Treasury-backed savings organisation which offers Premium Bonds and other savings products, will offer a new green savings bond, HM Treasury announced last night.
No idea what's involved, how much you can invest or what the returns will be. I doubt we'll see much in the way of interest rate rises for some time.
So to sum up, there's something which may be introduced at an undefined point, with an undefined return for an undefined risk over an undefined period of time.
Sounds a bit like that South Sea bubble investment - "a company for carrying out an undertaking of great advantage, but nobody to know what it is"
Sounds a bit like that South Sea bubble investment - "a company for carrying out an undertaking of great advantage, but nobody to know what it is"
BlackG7R said:
Don't really see the point of NS&I at the moment or why anybody would give them any money.
When inflation is taken into account, they are absolutely guaranteeing you will lose money over time.
Unless you are lucky enough to get a big prize on the Premium bonds. (Which you won't)
So just like everything else then really...When inflation is taken into account, they are absolutely guaranteeing you will lose money over time.
Unless you are lucky enough to get a big prize on the Premium bonds. (Which you won't)
BlackG7R said:
Don't really see the point of NS&I at the moment or why anybody would give them any money.
When inflation is taken into account, they are absolutely guaranteeing you will lose money over time.
Unless you are lucky enough to get a big prize on the Premium bonds. (Which you won't)
The trouble is unless you want to risk your capital there is little else out there to put your money into. When inflation is taken into account, they are absolutely guaranteeing you will lose money over time.
Unless you are lucky enough to get a big prize on the Premium bonds. (Which you won't)
For the bog standard saver the options are terrible.
F20CN16 said:
GrizzlyBear said:
Don't complain if you vote for money printers.
??? Come again?I think it makes sense but... probably...
If the initiatives turn bad then investors get a 0pc return, gov prints more money to fill gap. Essentially public subsidise it. Gov back stop it, but they’d have invested in it and back stopped it any way.
If they do well, punters get 1pc wow. Pile in. While government take the rest!
Advantage, fscs protected up to £1mill.
Build back Britain green etc is all just the latest excuse for money printing.
Covid19 has been a big excuse for money printing. They could have locked all the vulnerable up with a £10,000 stay at home grant per vulnerable, but they spent £20,000 for all 70mill so everyone could stay at home!
Go with the flow. You can’t fight this idiocy. Just game it knowing the game.
Don’t buy into the emotional branding.
Build back Britain is as subversive and obvious as clap for carers.
If the initiatives turn bad then investors get a 0pc return, gov prints more money to fill gap. Essentially public subsidise it. Gov back stop it, but they’d have invested in it and back stopped it any way.
If they do well, punters get 1pc wow. Pile in. While government take the rest!
Advantage, fscs protected up to £1mill.
Build back Britain green etc is all just the latest excuse for money printing.
Covid19 has been a big excuse for money printing. They could have locked all the vulnerable up with a £10,000 stay at home grant per vulnerable, but they spent £20,000 for all 70mill so everyone could stay at home!
Go with the flow. You can’t fight this idiocy. Just game it knowing the game.
Don’t buy into the emotional branding.
Build back Britain is as subversive and obvious as clap for carers.
Mr Whippy said:
I think it makes sense but... probably...
If the initiatives turn bad then investors get a 0pc return, gov prints more money to fill gap. Essentially public subsidise it. Gov back stop it, but they’d have invested in it and back stopped it any way.
If they do well, punters get 1pc wow. Pile in. While government take the rest!
Advantage, fscs protected up to £1mill.
Build back Britain green etc is all just the latest excuse for money printing.
Covid19 has been a big excuse for money printing. They could have locked all the vulnerable up with a £10,000 stay at home grant per vulnerable, but they spent £20,000 for all 70mill so everyone could stay at home!
Go with the flow. You can’t fight this idiocy. Just game it knowing the game.
Don’t buy into the emotional branding.
Build back Britain is as subversive and obvious as clap for carers.
Whist I agree to an extent, I just find it so disgraceful that they are loading up our great grandchildren (that aren't even born yet!) with debt just to keep things look OK now, when we all know it isn't...If the initiatives turn bad then investors get a 0pc return, gov prints more money to fill gap. Essentially public subsidise it. Gov back stop it, but they’d have invested in it and back stopped it any way.
If they do well, punters get 1pc wow. Pile in. While government take the rest!
Advantage, fscs protected up to £1mill.
Build back Britain green etc is all just the latest excuse for money printing.
Covid19 has been a big excuse for money printing. They could have locked all the vulnerable up with a £10,000 stay at home grant per vulnerable, but they spent £20,000 for all 70mill so everyone could stay at home!
Go with the flow. You can’t fight this idiocy. Just game it knowing the game.
Don’t buy into the emotional branding.
Build back Britain is as subversive and obvious as clap for carers.
Well after a long wait the Green Bond is on sale and you get a whopping 0.65% interest to lock your money away for 3 years.
https://www.moneysavingexpert.com/news/2021/10/ns-...
Suffice to say I won't be investing.
https://www.moneysavingexpert.com/news/2021/10/ns-...
Suffice to say I won't be investing.
Flooble said:
Probably just looking to make money from people who want the warm feeling of investing in ‘Green’
Yep. If you can't sell something, put 'green' or 'eco' in front of it.Green eco turd-in-a-box anyone? Special offer only a tenner, help save the planet, form an orderly queue...
Simpo Two said:
Flooble said:
Probably just looking to make money from people who want the warm feeling of investing in ‘Green’
Yep. If you can't sell something, put 'green' or 'eco' in front of it.Green eco turd-in-a-box anyone? Special offer only a tenner, save the planet, form an orderly queue...
Thin White Duke said:
Well after a long wait the Green Bond is on sale and you get a whopping 0.65% interest to lock your money away for 3 years.
https://www.moneysavingexpert.com/news/2021/10/ns-...
Suffice to say I won't be investing.
So how much will your money be worth in three years time after it has been eaten away by inflation?https://www.moneysavingexpert.com/news/2021/10/ns-...
Suffice to say I won't be investing.
Seriously, you are probably better off buying a 911 and enjoying it.
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