Negative interest rates

When interest rates to depositors fell to near zero after the crash, many people speculated on when interest rates would go negative.

While I wasn’t looking, they did.

I opened a magazine yesterday and as usual a load of advertising material fell out. One caught my eye with the claim “A guaranteed cash lump sum on 10th anniversary from only £10 a month tax-free”. There was no mention of what the lump sum was in the body of the advertisement, but in the small print below it said “You will receive an initial guaranteed minimum lump sum of 95% of the payments you make into your plan if you cash in on the 10th anniversary of the start date …”.

Advertisements

About Peter Cameron

I count all the things that need to be counted.
This entry was posted in Uncategorized and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s