how to double your money!?

[Youngblood]

put it on red!!!!!!!!!!111

[Master]

Put it in a bank and wait 100 years.

[Dizaster]

put it on red!!!!!!!!!!111

No no youngen, that's how you lose your money..

To double your money you put it on BLACK!!

Hmm, actually, maybe it was Red??



Darn I forget...

[Andre]

Change your front door light for a red one.

[yvonne]

Put into a ISA account and leave it in during the uk tax year(April to april)for 12months,and you'll get interest on it tax free within a year.

[superheavyrhun]

Put into a ISA account and leave it in during the uk tax year(April to april)for 12months,and you'll get interest on it tax free within a year.

The quesion was how to double your money, not make 1.8% interest tax-free!

[Gandalf]

Put into a ISA account and leave it in during the uk tax year(April to april)for 12months,and you'll get interest on it tax free within a year.

The quesion was how to double your money, not make 1.8% interest tax-free!

Are interest rates that low in the UK?

If so, all I can say is wow! I just opened a new savings acocunt last week out here and the interest was 4.9%. Anything less and your money is effectively shrinking in real terms anyway.

[superheavyrhun]

Put into a ISA account and leave it in during the uk tax year(April to april)for 12months,and you'll get interest on it tax free within a year.

The quesion was how to double your money, not make 1.8% interest tax-free!

Are interest rates that low in the UK?

If so, all I can say is wow! I just opened a new savings acocunt last week out here and the interest was 4.9%. Anything less and your money is effectively shrinking in real terms anyway.

Yup, if it wasn't for the price of petrol we would be in a deflationary situation, and the petrol increases are the only ones keeping us about even, or maybe a minute increase. Most of the savings accounts in the uk offer around 0.05-0.5% interest, unless you either want to tie in the funds to a bond (3.5% for 2 years or more) or you check out online accounts at building societies (mine is 2.5% instant access, but that rate crashes after a year or so.

Basic fact is that government doesn't give a shit about the people who save, because savings get them very little tax revenue, whilst spending is much better, therefore they want low interest rates to keep people borrowing and spending, and voila, the government has more money to pay for the insane borrowing the country has.

We'll soon be pulling the oliver twist act outside the IMF offices begging for a penny.