Free Money

[scooterscot]

Santander offer me £100K+ at 0.25 above base recently. Insane.

[DimPrawn]

I'm being daft here, but can you elaborate? Who's offering loans to the public at these rates ?

Central bank lends to bwankers at 0.1%

bwankers lend to the public at 57.7% APR

buy shares in high end luxury brands, a few % of the population are about to become trillionaires..

[ladymuck]

I'm being daft here, but can you elaborate? Who's offering loans to the public at these rates ?

Paying off debt doesn't mean borrowing more.

With interest rates so low you're better off clearing debt that's costing you money than keeping it in the bank earning nothing.

Obviously don't deplete savings to a level where you'd be in trouble if out of work.

[d000hg]

think all this might lead to universal basic income... helicopter money and hyperinflation.
and the rich, not the ultra rich, the rich will finally hate to start doing productive work or find a new way of sponging on the masses.
Interesting times...

You mean the way QE led to hyperinflation? I heard it hear first from the usual wags. Still haven't heard it anywhere else...

[Scoobos]

Paying off debt doesn't mean borrowing more.

With interest rates so low you're better off clearing debt that's costing you money than keeping it in the bank earning nothing.

Obviously don't deplete savings to a level where you'd be in trouble if out of work.

Ah, ok, thanks for explaining. To be perfectly honest, I dont even consider 'saving' in a bank account a viable option - it hasnt been for many years now, there's not much difference to make it worthwhile for my time to manage an account that offers 1-1.5% and 0% on savings.