Pension and Investment Planning Advice | Copthorne Crawley and East Grinstead
At last the UK Government (via the Treasury) has started to indicate that something is up and they may be looking to raise money in other ways. Possibly because the rates offered from the City are looking to be a little on the high side.
Now before I get a million emails outlining the error of my ways please see article below.
So we finally have some good news on the horizon for Savers, however the Headline 50% increase is unlikely to make a massive difference. However if you remember when Northern Rock first went down. There was a clamour for stable and safe and of course National Savings is one of the safest places to be.
However as the markets have changed and everyone is feeling a little better about the banks money is starting to flow away from the Treasury (National Savings) and go elsewhere.
The reaction is therefore to increase the rate offered and this should stop the flow.
Personally I have always liked National Savings and one medium to consider, and with an increase in the overall rate offered on Premium Bonds and some more to follow I am sure. Make sure you don’t ignore any of the National Savings Products when looking around for safe home.
When considering any kind of Investment it is important that you take advice. If not from ourselves then from your usual adviser.
Richard Smith
Http://www.thefinancezone.co.uk
