Went to the bank today to reinvest a maturing fixed deposit. I was disappointed to learn that the rate on a 48 month deposit dropped from 2.2% (pretty pathetic) to 2.0% (even more pathetic) yesterday . What is odd is that the rates for 24 month and 26 month deposits are the same 2%, so no premium for tying up your cash for longer.
Anyway, changed my plan and invested in a short term bond fund (KFSMART-A) which has a yield to maturity of 2.22% (albeit with a duration of 4½ months, so there is reinvestment risk.)
The Black holes in UK finances are made up of inefficient use of resources and top-heavy management in the NHS, and DWP, and adding into the mix the lazy work-shy Brits who have scrounged all their lives on benefits, with a nice helping of false Asylum seekers, that shouldn't be in the country.
I hope the guy gets elected and gives Putin what he deserves
Putin fears Germany will send most destructive weapon
Putin fears Germany will send most destructive weapon
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now