The Collapse of SVB Exposes the Largest Crack in the Economy

Re:The Collapse of SVB Exposes the Largest Crack in the Economy by twic on Friday March 10, 2023 @07:39PM (#35103565)

Three modest notes about premium bonds. Firstly, you can cash in bonds at any time, so it's effectively an instant access account. Secondly, the current rate is 3.30%. Thirdly, the payouts are tax-free.

3.30% on an instant access account is actually pretty great (best i see elsewhere is 2.51%; i see a six month fixed term deposit at 3.28%), and getting it tax-free without having to have it in an ISA makes it even better.

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Re:The Collapse of SVB Exposes the Largest Crack in the Economy by throwaway426079 on Saturday March 11, 2023 @12:42AM (#35105797)

Just to note that interest percentage is a prize fund and most deposits get nothing.

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Re:The Collapse of SVB Exposes the Largest Crack in the Economy by zamnos on Saturday March 11, 2023 @03:30AM (#35106562)

I might be misunderstanding what you wrote, but in the US, Wealthfront Cash is offering 4% APY, which is a bit higher than 3.3.

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Re:The Collapse of SVB Exposes the Largest Crack in the Economy by tome on Saturday March 11, 2023 @05:08AM (#35107013)

4% APY on USD presumably? twic was talking about interest denominated in GBP.

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Re:The Collapse of SVB Exposes the Largest Crack in the Economy by zamnos on Saturday March 11, 2023 @05:44AM (#35107152)

Ah thanks

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