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Post by wiseclerk on Jun 11, 2015 16:12:17 GMT
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registerme
Member of DD Central
Posts: 6,204 
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Post by registerme on Jun 11, 2015 18:01:41 GMT
Interesting piece, though if yields drop considerably I suspect many of us will head for the exit.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
Likes: 1,211
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Post by sqh on Jun 11, 2015 20:40:22 GMT
More lenders also opens up the possibility of larger loans. How about;
A Cruise Ship on SS.
A Space Rocket on Ablrate.
A Picasso on FS.
Mr T's chains on MT.
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jonah
Member of DD Central
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Post by jonah on Jun 11, 2015 21:07:09 GMT
Too many unknowns at this point... Will it be a separate allowance or shared with the others. Capped at less than 15k similar to how cash was or not. The other real biggie is about allowing transfers in from existing cash Isa's as that could be huge.
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Post by bracknellboy on Jun 11, 2015 21:36:35 GMT
More lenders also opens up the possibility of larger loans. How about; A Cruise Ship on SS. A Space Rocket on Ablrate. A Picasso on FS. Mr T's chains on MT. Be careful what you wish for. I see a future where we collectively hold as security: The Costa Concordia The Virgin Galactic test vehicle A John Myatt original Many kilos of gold painted base metal
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geej
New Member
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Post by geej on Jun 12, 2015 5:37:53 GMT
ISA Wrapping - surely not if but when....hopefully soon.
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bigfoot12
Member of DD Central
Posts: 1,817
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Post by bigfoot12 on Jun 12, 2015 7:03:42 GMT
More lenders also opens up the possibility of larger loans. How about; A Cruise Ship on SS. A Space Rocket on Ablrate. A Picasso on FS. Mr T's chains on MT. Be careful what you wish for. I see a future where we collectively hold as security: The Costa Concordia The Virgin Galactic test vehicle A John Myatt original Many kilos of gold painted base metal SS Titanic - one owner low mileage! One thing to remember is that it isn't just low central bank rates that reduced deposit rates. Even after BoE had cut there were some great FSCS deposit rates available. It was Funding for Lending and some of the other schemes which cut the need to borrow from individuals, along with banks reducing their balance sheets and QE. These are now at an end or will be in six to twelve months. The savings market might be a little different. Base rates were cut to 0.5% in 2009, in 2011 I still opened 3 and 5 year deposit accounts at rates between 3.5% and 4.5% with large British institutions. It was after funding for lending started in 2012 that these rates reduced to about 2%. Funding for lending ends in January 2016, it may be extended. In the first quarter of 2015 £57Bn was lent by the BoE. It will take a lot of P2P ISAs to replace that.
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Post by Deleted on Jun 12, 2015 9:54:14 GMT
Recent tax changes planned for this year or 2016 allowing banks to pay gross and the £1k tax free element will allow banks to reduce their interest rates even further.  |
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