Interest rate rises. Will savers start making money?

[Fordian]

A genuine question. In 1989 the BoE interest rate was around 15% which was obviously disastrous for many; but I recall my parents happily living off the interest on dad's redundancy payout.

Interest rates are rising again; will savers get more than 0.1% on their savings, do you think?

Yes, same here.

Although I appreciate the tips re slightly better paying accounts, the basic fact is even if I move to an account paying 3% , whilst inflation is around 10%, any savers are losing money.

The S&S investments are not doing well either

If you login to your marcus savings account and click a button you can get a 1 year bonus of 0.3% on top of the 1.55%.

Increase on everything but savings has changed here!

@PorridgewithQuark

I know stats can be twisted but most say that stocks and shares beat property.

Even with the tumble it's doing about 28%?

TheRubyRedshoes I think maybe we need to look into this more - we only have a few shares and a small % of savings in a tracker, and those have gone down in value recently. We haven't had them long enough to see the very long term trend though. If it averages so high long term of course its impressive but high return trackers seem to be high risk/ don't invest more than you can afford to see wiped out completely ones!

my s&s ISAs have tanked.

my own Freetrade portfolio is doing better, still down but I get some dividends at least.

not had them for many years though.

It's awful isn't it

They had picked up a bit in August again

Shares do tank and go back up. That's what they do they will never just keep going up.

I can't link graphs etc but just look at some stock markets from ages ago.

Esp USA of course.

Global trackers.

If you keep buying at time like these you get them "on sale".

So when they do go up you get more.

I've just got the usual vanguard's index trackers and some of what I call my gamble fund's.
Smaller amounts invested but in funds that did very well recently.
What I'd like to do next time they really go up is skim some £ off.
And probably put it into something else.

That was one massive bloody redundancy payment your dad got then! Savings interest rates were never consistently at 15%.

national savings offering 3% new green bond, have seen 4% offered elsewhere....be nice to get some decent interest after years of subsidising cheap loans etc for everyone else....!!

I like property....it wont just dissapear over night if something goes bust....houses are always firm investment....if you cant sell you rent it etc...my one rental really boosts my small pension...lovely tenants...long term....

£70,000. Standard middle management redundancy in 1990 after 20 years service. He was 58. Hefty final salary pension, too.

Your savings rate isn’t subsidising borrowing 🤨