Re: Savings Interest Rates
Originally Posted by
Diamond Lady
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Any ideas in where, if you do have a decent amount of money to invest? I wouldn't pay for a so called IFA, as from experience I don't believe they are independent in the end. Interest rates on anything 'safe'
seem to be 4% tops as in the new Pensioner Bonds, which from a quick look, you can only invest 10k per person.
My wife's 65 now so she asked me to look at these too as her ISA's only getting 1.25% but I also noticed that the interest is
gross.
For her it's not a problem as she only has her State Pension and a small private pension so she'd probably not have to pay any tax but you could end up getting just 3.2% maximum.
Better than most ISAs but is it really worth it tying up your savings for a piddling bit of interest that could end up going to the kids?!
It was impossible to get on this site when we tried though so we thought bugger that anyway - when I retire in we'll spend it on ourselves!
Only 600 days as of today!!
stevmk2