>> To put it more simply. If I said give me a pound and I'll give
>> you £1.02 or £1.03 back in a year's time you'd tell me where to get
>> off.
Not really, 3% is fairly good interest rate at the moment. Sure, banks loan out money at higher rates but that is really a different matter and the have to factor in the risk of it not being paid back, but the 3% is only bad if you find a better rate somewhere else (and factor in the risk of money in the bank vs money in that other investment). Some of the best corporate bond returns are only standing at 6% now, and there is much more risk built into those. The returns on short term (less than 5 year) Gilts are below 3%.
If you can stomach potentially losing money for a period of time, before gaining it back, some kind of stock market investment is probably still the best bet at the moment. You can put up to £10,100 in a stocks and shares ISA this year I believe.
>> Perhaps reading the April edition of Which? magazine will also help to focus some people's
>> minds...:-)
I too am intrigued, any hints?
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Cash ISAs comparison websites new
Cash ISAs comparison websites new