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
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