tag:blogger.com,1999:blog-2875915890415125655.post2740908178389329867..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: Bank of England really does want to punish savers – NS&I Index Linked Savings Certificates MatureRetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2875915890415125655.post-27129029129865372642010-10-01T10:02:30.537+01:002010-10-01T10:02:30.537+01:00the 5 year option looks better than the 3 year opt...the 5 year option looks better than the 3 year option since you can weithdraw at any time should your house requirement appear, and you lengthen the cycle time, which if NS&I are thinking of canning the RPI certs and switching to CPI would be a hit on your cash.erminehttp://simple-living-in-suffolk.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-59184283786982445082010-09-30T09:39:05.862+01:002010-09-30T09:39:05.862+01:00That all seems reasonable but how many pensioners ...That all seems reasonable but how many pensioners are in the position of living off the income from cash savings as pc of the population? I doubt the effect is significant on the economy. Most pensioners live off annuities and/or the state pension; those with real wealth do not hoard it in cash.<br /><br />The effect on everybody else is surely much more significant (disincentive to save, lowerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-54392903027643557042010-09-28T21:51:18.360+01:002010-09-28T21:51:18.360+01:00Hi Lemondy
"What exactly /did/ you think the...Hi Lemondy<br /><br />"What exactly /did/ you think they lowered the base rate for?"<br />Thinking a little differently could it actually have the opposite affect. <br /><br />Let's say I'm a pensioner and I know whatever savings I have need to last me for the rest of my life. I'm therefore reluctant to eat into my capital. When the return I earn on my savings is cut thenRetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-1158454607887344662010-09-28T21:36:12.278+01:002010-09-28T21:36:12.278+01:00"What sort of crack pot notion is that?"..."What sort of crack pot notion is that?"<br /><br />This stuff is basic monetary policy! I'm kind of surprised anybody is surprised about it.<br /><br />What exactly /did/ you think they lowered the base rate for?<br /><br />-*- Lemondy -*-Anonymousnoreply@blogger.com