We have been talking/speculating about a cut to SS rates on this forum for over a year!
At present I have:
120k (max holding) in the current issue of the 10 year nat solidarity bond.
50k in the current issue of the 4 year nat solidarity bond.
Nothing in the current issues of savings certs or bonds.
120k in issue 17 of savings certs which will mature in mid-late 2017.
100k in prize bonds.
The number of 50 euro prize from the prize bonds is now only a trickle.
If rates are not cut this weekend I am strongly considering cashing in the prize bonds and investing the 100k in either a 5.5 year savings cert or a 3 year savings bond, probably the former. I can always get back into prize bonds when my issue 17 savings certs mature.
Basically what I am getting at here is agreeing with the theme of this thread - in the current interest rate environment and with some relatively good fixed term rates from state savings still available, it may well be time to invest in one of these products.
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