06-01-2014, 02:42 PM
3
Re: Savings
Mine are in one bank, spread over a current account, e-savings, e-isa, and GEBs. And a small amount in Premium Bonds. Everything is such a crap interest rate I didn't even top up the ISA. One Bond matures this year, doubt it'll return much, and the other two in 2016.
06-01-2014, 02:51 PM
4
Re: Savings
I don't have a lot of savings, what I do have was bringing in so little interest of late I decided to put it into premium bonds.I only ever win £25 prizes, I had two wins at once on one occasion
it happened to be the week of my birthday too.I don't think my wins cover my lost interest but they can't be far off
06-01-2014, 03:29 PM
5
Re: Savings
In the words of Seasick Steve." I started out with nothing, and i still got most of it left"
What saving`s i had evaporated when i first became ill it took 10 months before it was all gone, not much to show for 40 odd years of hard graft.
Eventually i was put on ESA, i never claimed when i was ill or redundant, just as long as i could pay my way. I now feel like a criminal in my own country because i have to claim money just to survive.
There are plenty out there in the same boat, and with the current mob in charge it will get worse.
06-01-2014, 06:09 PM
6
Re: Savings
Originally Posted by Meg
->
I don't have a lot of savings, what I do have was bringing in so little interest of late I decided to put it into premium bonds.
I am switching into Premium Bonds too Meg, haven't ever won much but there's always a possibility and unlike the lottery your money stays in the fund and can be withdrawn at any time, with the lottery once you've bought your ticket that's it, you'll never see that pound again
06-01-2014, 07:14 PM
7
Re: Savings
Originally Posted by Nom
->
In the words of Seasick Steve." I started out with nothing, and i still got most of it left"
What saving`s i had evaporated when i first became ill it took 10 months before it was all gone, not much to show for 40 odd years of hard graft.
Eventually i was put on ESA, i never claimed when i was ill or redundant, just as long as i could pay my way. I now feel like a criminal in my own country because i have to claim money just to survive.
There are plenty out there in the same boat, and with the current mob in charge it will get worse.
07-01-2014, 05:12 AM
10
Re: Savings
Originally Posted by Robert Junior
->
Tired of Debt, many people have reduced their spending drastically....but where to put what has been saved.?
I save about 10% of my income every month, but it's languishing in a basic savings account with Santander.
Are you saving & where have you put your stash?
The annoying thing is I don't want to save, I don't need to save yet my savings steadily increase year after year, it is absurd. I have just lashed out a couple of grand on a very nice 7 channel amplifier system for my TV and radio but am at a loss what else to spend it on.
As for where I put it - I have an account with my Credit Union called Net Invest which has an interest rate about 4% so each fortnight I shovel my surplus into that it is usually between $200 and $300 (£100 to £150). Don't get the idea that I have masses of money floating about but I certainly have a lot more than I need.
I never thought that after retiring spending money would be a problem!
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