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> It makes zero sense for me to have money sat in a bank account earning 0.75% (3.5% below base - it’s the best savings account my bank in the U.K. offers) thi
by blibble 4y ago
> It makes zero sense for me to have money sat in a bank account earning 0.75% (3.5% below base - it’s the best savings account my bank in the U.K. offers)
this is more of a lazyman tax than anything else
there are instant access savings accounts offering 3.5%
and if you lock it up for a year you can get 5%
- theonlybutlet 4y agoNot in Europe. I live in Ireland, the longer the term the lower the return. Counterintuitive but it's the case. https://personalbanking.bankofireland.com/app/uploads/Customer-Rate-Sheet.pdf https://personalbanking.bankofireland.com/app/uploads/Custom...
- blibble 4y agoshould more or less follow the yield curve minus a bit if not they're just ripping you off (t-bills exist though!)
- deleted 4y ago[deleted]