Category: Saving Bonds
The analysis published under this category are as follows.
Thursday, August 12, 2021
Why Premium Bonds Are Garbage and I am Selling ALL to Buy Shares in Google (Alphabet) / Personal_Finance / Saving Bonds
By: Nadeem_Walayat
Premium Bonds - What a load of garbage! Absolute garbage! Might as well stuff cash under your mattress then invest in these piles of poop. Find out why in my latest video as I look back over the year to see how much I have won on a £32.5k investment, THIRTY TWO THOUSAND POUNDS parked in this garbage that has lost at least 4% in value and probably nearer to 10% given the true rate of inflation!
ABSOLUTE GARBAGE! Find out why I am going to sell all and just stuff the cash in the Google Shares (Alphabet)! Don't make the same mistake as me and invest in premium bonds!
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Sunday, April 04, 2021
Are Premium Bonds A Good Investment in 2021 vs Savings, AI Stocks and Housing Alternatives / Personal_Finance / Saving Bonds
By: Nadeem_Walayat
Savers starved of rates due to the continuing bailout of the bankrupt banking sector as the Bank of England literally stuffs hundreds of billions onto their balance sheets by means of artificial profits. So it's no wonder that many millions of Brit's have plowed a large chunk of their savings into government backed Premium Bonds. Here give them a good 1 year test run to see what prices (returns) they generate on a sizeable £32,500 investment. Will I beat the premium bond interest rate of 1%, maybe I will be one of the lucky ones and win a big prize, find out in my latest personal finance video.
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Wednesday, January 16, 2019
One-year Savings Bond Rates Soar, While Five-year Deals Rise Modestly / Personal_Finance / Saving Bonds
By: MoneyFacts
Starting a new year can be a great time to review the top savings rates, and reassuringly, average rates on one-year fixed bonds have hit a four-year high, according to the latest research by Moneyfacts.co.uk. However, this encouraging start to 2019 has not been seen in the five-year fixed bond market, with rates (although rising) not rising at the same pace.
Statistics released today show the Consumer Prices Index (CPI) fell to 2.1% during December, meaning 94 fixed rate bonds and 6 fixed rate ISAs (based on a £10,000 deposit) can now match or beat inflation*. Within that, 82 fixed bonds and 4 fixed ISAs beat 2.1%, still a small share of the standard savings market.
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Tuesday, May 15, 2018
UK Savings Shock as Rates Were cut Before Base Interest Rate Vote / Personal_Finance / Saving Bonds
By: MoneyFacts
Savers still deflated from last week’s base rate announcement will now have to stomach the fact that the savings market has undergone a bit of a stumble. As the market prepared itself for a base rate change, there were unforeseen savings rate cuts, with some deals disappearing altogether.
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Tuesday, August 15, 2017
UK Savings Market Recovery Weakened by Bank of England Lending Schemes / Personal_Finance / Saving Bonds
By: MoneyFacts
The latest data from moneyfacts.co.uk reveals that the savings market has now had seven consecutive months wherein rate rises have outweighed cuts, with July seeing 151 rises versus 45 cuts.
Fixed rate bonds are continuing to play a huge part in the recovery of the market, with 60% of the recorded rate rises last month being for fixed rate bonds. In fact, the average two-year fixed bond has grown from 1.04% to 1.32% since the start of the year, and a similar picture can be seen for longer-term bonds. The average three-year fixed bond has grown from 1.21% to 1.56%, while the average five-year fixed bond is up to 1.92% from 1.67% in January 2017.
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Monday, February 27, 2017
Top Fixed Rate Savings Bond Highest in 10 months / Personal_Finance / Saving Bonds
By: John_Mauldin
Challenger banks are causing a storm in the fixed rate bond market, with especially the highest rates in the market seeing an increase. The top one-year fixed rate bond has increased to 2.00%, up by 0.60% since January and the first time in 10 months a one-year fixed rate has stood at 2.00% or higher.
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Monday, February 20, 2017
UK Long-term Fixed Savings Bond Interest Rates Rise / Personal_Finance / Saving Bonds
By: MoneyFacts
Moneyfacts UK Savings Trends Treasury Report data, yet to be published, highlights that the average long-term fixed bond rate has increased by 0.05% to 1.30%, the first time Moneyfacts has seen a significant rate rise of 0.05% or more since October 2015.
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Monday, October 24, 2016
Average five-year Fixed Rate Savings Bond Falls Below 2.00% / Personal_Finance / Saving Bonds
By: MoneyFacts
Long-term fixed rate bonds used to be the premier solution for many savers looking for a decent return on their savings. However, Moneyfacts.co.uk data can reveal the disappointing news that the average five-year fixed bond rate has fallen to a record low, now standing below 2.00%.
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Tuesday, March 01, 2016
UK Fixed Bond Savings Interest Rates Fall Through the Floor / Personal_Finance / Saving Bonds
By: MoneyFacts
As far as the savings market was concerned, 2015 was the year of the challenger provider, and as a result rates crept up and positivity started to make a welcome return. However, research from Moneyfacts.co.uk shows that since the start of the year rates on fixed bonds have free-wheeled downhill to new lows.
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Monday, December 07, 2015
Popular One-year Pensioner Bond is Coming to an End / Personal_Finance / Saving Bonds
By: MoneyFacts
January marks the one-year anniversary of the launch of the 65+ Guaranteed Growth Bonds (also known as the Pensioner Bonds), which means that those who invested in the one-year fixed version would be wise to start looking for a new home for their cash.
It’s estimated that over a million older savers snapped up the one and three-year bonds paying 2.80% and 4.00% respectively last year. According to calculations by Moneyfacts.co.uk, savers will have earned £280 in interest before tax if the maximum of £10,000 was invested over the one-year term.
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