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-   -   Savings interest rates (https://britishexpats.com/forum/australia-54/savings-interest-rates-502991/)

ian_s Jan 2nd 2008 3:38 pm

Savings interest rates
 
Just want to know peoples opinions as to bring £100k over now and put in a high interest account even though the exchange rate isn't very good at the moment. Or should I put it into high interest account in UK and hope exchange rate improves which looks unlikely in the short term. Personally I don't think there can be much in it unless you guys know different.

Don't want the debate about tax implications on gains and all that just wanted to know what a half decent interest rate is at the present for say a 12 month fixed deposit.

Thanks Ian.

Speargun Jan 2nd 2008 4:12 pm

Re: Savings interest rates
 

Originally Posted by ian_s (Post 5729817)
Just want to know peoples opinions as to bring £100k over now and put in a high interest account even though the exchange rate isn't very good at the moment. Or should I put it into high interest account in UK and hope exchange rate improves which looks unlikely in the short term. Personally I don't think there can be much in it unless you guys know different.

Don't want the debate about tax implications on gains and all that just wanted to know what a half decent interest rate is at the present for say a 12 month fixed deposit.

Thanks Ian.

This post ill definately be keeping an eye on....like you short term I cannot see any sign of the GBP getting any stronger....the scary thing for many of us is it just seems to get weaker and weaker - sent half our money before Christmas at 235 and at the moment would snatch their hand off for 132! currently running nearer 224:( glad im not taking that much money out! The interest you get on your money out there will be far higher than you will get in the UK! Personally im seriously considering buying in when it gets to 226 to 228 as it looks like there will be more downside to come!


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