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Old 05-05-2022, 21:51   #11
Paul
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Paul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered starsPaul is seeing silvered stars
Re: Bank of England raises base rate of interest to 1%

Quote:
Originally Posted by Itshim View Post
How much will it go before savers get some benefit?
To be of actual benefit, the savings rate need to be higher than inflation.
Being close would at least be useful, but atm, savings rates are way way below.

Saving atm is pretty much just a waste of time.
I stopped putting any money into savings at the start of the year.

I may as well just spend it, and enjoy the benefits.
Not to mention everthing is going up at alarming rates atm, so I have little (if anything) left to save.
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