Reply to: Oh Dear: 5.5%

[rootsnall]

UK rates are the highest in the G7 and have every chance of going higher.

Who says we don't lead the world.

I think we've also overtook the Yanks in being the most in debt per head. Boomed but ultimately doomed !

[Buffoon]

UK rates are the highest in the G7 and have every chance of going higher.

Who says we don't lead the world.

[Zorba]

I'm with CA, and its very tempting, but you do have to consider what else you could do with the money, but then, by removing it from the business you will nearly always take a hit on the money with tex etc.

I'm with CA and SJD are my accountants. I try to follow their advice and take only salary + divis up to the 40% threshold - any remaining money stays in the company until its natural demise whenever that may be, so I want to try and grow it as best I can. But you're right, it's very tempting to take the hit for instant gratification. Mrs Z has earmarked the next few years dosh for a new house though

[sasguru]

looks like no one here is affected then

Milan.

Us mortgage-free types would like to see 15% interest rates:

1) Much more Interest on capital until ...
2) Collapse of house prices so we can move in and make a killing

[n5gooner]

Just to clarify, the bonds are from CA (Cater Allen) not C&A (the clothes shop.

Linky:
Term Deposit Account

and the interest rates
Interest rates (Choose 'Term Deposit' in the drop down at the top)

You have to drop a minimum of £50k (probably not a problem for many of the readers of this board) for a minimum of a week into them, but the rates start at 5.1% and they seem to be a hassle-free way of almost doubling your interest. Has anyone got one yet? I know there are higher rate accounts around but I like CA and the comfort of keeping it all in one bank.

I'm with CA, and its very tempting, but you do have to consider what else you could do with the money, but then, by removing it from the business you will nearly always take a hit on the money with tex etc.

[NoddY]

There is always high interest rates when a country is at war. It's the government that needs to borrow the big money and attract savers. Any interest rate rise is blamed on the people but think about it. It's government services that cause inflation not the price of clothes at Primark or the price of your Ipod at Dixons. Wage inflation is near 0%.

The house price bubble has seen an large year on year increase in the debt money supply. This is released into the economy via mortgage equity release and loan consolidation.

[Zorba]

hey tell me more about hte fixed term bonds from CA please....

Just to clarify, the bonds are from CA (Cater Allen) not C&A (the clothes shop.

Linky:
Term Deposit Account

and the interest rates
Interest rates (Choose 'Term Deposit' in the drop down at the top)

You have to drop a minimum of £50k (probably not a problem for many of the readers of this board) for a minimum of a week into them, but the rates start at 5.1% and they seem to be a hassle-free way of almost doubling your interest. Has anyone got one yet? I know there are higher rate accounts around but I like CA and the comfort of keeping it all in one bank.

[milanbenes]

looks like no one here is affected then

Milan.

[n5gooner]

I like C&A! Every time I go to France I go there and stock up for the next six months or so. I too was hoping for 5.75% as I need to get some investment action going on my business account... Cater Allen have some fixed term bonds that look ok. (sorry for off-topic!).

hey tell me more about hte fixed term bonds from CA please....

[woo]

still way too low. need 7%.

[Zorba]

How about C&A?

I like C&A! Every time I go to France I go there and stock up for the next six months or so. I too was hoping for 5.75% as I need to get some investment action going on my business account... Cater Allen have some fixed term bonds that look ok. (sorry for off-topic!).

[Bagpuss]

Many are expecting a crash in 2009

Most bubbles, like internet stocks and Japanese land, go through an exponential phase before breaking, usually short in time but dramatic in extent.

[Moscow Mule]

How dare you mention Primark on a contractors board...

I think it was derogatory, so it's probably ok...

[ratewhore]

There is always high interest rates when a country is at war. It's the government that needs to borrow the big money and attract savers. Any interest rate rise is blamed on the people but think about it. It's government services that cause inflation not the price of clothes at Primark or the price of your Ipod at Dixons. Wage inflation is near 0%.

How dare you mention Primark on a contractors board...

[Paddy]

There is always high interest rates when a country is at war. It's the government that needs to borrow the big money and attract savers. Any interest rate rise is blamed on the people but think about it. It's government services that cause inflation not the price of clothes at Primark or the price of your Ipod at Dixons. Wage inflation is near 0%.