Comments on: Are we forgetting savers as interest rates drop? http://www.hip-consultant.co.uk/blog/are-we-forgetting-savers-as-interest-rates-drop-123/ Fri, 30 Jul 2010 10:34:45 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Positive Invoice Finance http://www.hip-consultant.co.uk/blog/are-we-forgetting-savers-as-interest-rates-drop-123/comment-page-1/#comment-4499 Positive Invoice Finance Sat, 16 May 2009 13:17:50 +0000 http://www.hip-consultant.co.uk/blog/?p=140#comment-4499 the internet gives you the power to move your money to the lender who gives the highest interest rate! the internet gives you the power to move your money to the lender who gives the highest interest rate!

]]> By: Tim http://www.hip-consultant.co.uk/blog/are-we-forgetting-savers-as-interest-rates-drop-123/comment-page-1/#comment-2425 Tim Fri, 13 Mar 2009 12:47:30 +0000 http://www.hip-consultant.co.uk/blog/?p=140#comment-2425 Aren't you forgetting the value of houses has dropped roughly 15-20% in a year. That beats 5% interest if you think about it. Depends on what you're going to do with your savings of course ;) Aren’t you forgetting the value of houses has dropped roughly 15-20% in a year. That beats 5% interest if you think about it. Depends on what you’re going to do with your savings of course ;)

]]> By: Will interest rates reach zero percent? http://www.hip-consultant.co.uk/blog/are-we-forgetting-savers-as-interest-rates-drop-123/comment-page-1/#comment-2264 Will interest rates reach zero percent? Fri, 06 Mar 2009 10:21:59 +0000 http://www.hip-consultant.co.uk/blog/?p=140#comment-2264 [...] Are we forgetting savers as interest rates drop? [...] [...] Are we forgetting savers as interest rates drop? [...]

]]> By: Sage99 http://www.hip-consultant.co.uk/blog/are-we-forgetting-savers-as-interest-rates-drop-123/comment-page-1/#comment-1913 Sage99 Fri, 13 Feb 2009 10:15:41 +0000 http://www.hip-consultant.co.uk/blog/?p=140#comment-1913 PRACTICAL ADVICE for the saver.... If you have savings then you should be on the Internet. This gives you the power to open a number of accounts and manage them from your home. It is safe.... both the government and the FSA are now regulating this sort of thing, as long as you do not exceed £50,000 per account. Thus the internet gives you the power to move your money to the lender who gives the highest interest rate! Three of the best sites to find the best interest rates are....(direct reference to comparison sites removed) If enough of us do this then the lender banks will have to compete to gain the money to lend, and you, the saver, can exert some real power over the returns for your money. I personally think that a return of 5% plus the rate of inflation is reasonable, with 3% for the agents of your money (the banks). If a borrower cannot pay at least 10% return, over a whole YEAR, then they should not be borrowing! Why should thrifty and hard working savers have to pay, by having their money used by lender banks, at very little return to them, to maintain the care free spending of those who live a debtors lifestyle? It is time to get some real competition into this disreputable market! PRACTICAL ADVICE for the saver….

If you have savings then you should be on the Internet. This gives you the power to open a number of accounts and manage them from your home. It is safe…. both the government and the FSA are now regulating this sort of thing, as long as you do not exceed £50,000 per account.

Thus the internet gives you the power to move your money to the lender who gives the highest interest rate!

Three of the best sites to find the best interest rates are….(direct reference to comparison sites removed)

If enough of us do this then the lender banks will have to compete to gain the money to lend, and you, the saver, can exert some real power over the returns for your money.

I personally think that a return of 5% plus the rate of inflation is reasonable, with 3% for the agents of your money (the banks). If a borrower cannot pay at least 10% return, over a whole YEAR, then they should not be borrowing!

Why should thrifty and hard working savers have to pay, by having their money used by lender banks, at very little return to them, to maintain the care free spending of those who live a debtors lifestyle? It is time to get some real competition into this disreputable market!

]]>