Where to stick your savings

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7857743.stm

The central bank of crisis-hit Iceland kept its key interest rate unchanged on Thursday at a record 18%.

Can I open a bank account and get 18% interest and if it goes tits up get my money back from the UK taxpayer?

[Solidec]

No.

Also earning 18% on a currency thats devaluing by the minute versus Sterling is a bit counterproductive wouldn't you say?

[DimPrawn]

True but Iceland has a better economy with a brighter future than the UK. The UK just doesn't know it yet.

[chef]

My savings plan involves upgrading from using tenners as bog roll to using 50's.. the tenners can be using for stoking the fire I think

HTH

[Cyberman]

I'm a firm believer in property because it is very difficult to steal, appreciates in value in the long-term and is mostly free of tax, and can also be rented out for an income.
Thus, in my impending retirement, I intend to keep money in property rather than risk depreciation via inflation, tax etc.

[oracleslave]

I'm a firm believer in property because it is very difficult to steal, appreciates in value in the long-term and is mostly free of tax, and can also be rented out for an income.
Thus, in my impending retirement, I intend to keep money in property rather than risk depreciation via inflation, tax etc.

every day in my street

[Mich the Tester]

True but Iceland has a better economy with a brighter future than the UK. The UK just doesn't know it yet.

You might be right there.

[thelace]

You could always bury them in the garden?

http://uk.news.yahoo.com/18/20090129...r-c359f57.html

D'oh!