Translation a lot of people couldn’t use their deposit because mortgages became unaffordable so now they have more savings as a result.
Like most who reply – I’ll speak to my bubble of concern only:
The international markets are tanking (S&P 500 primarily), so savings accounts are the only place to put cash reserves currently, is why. Up to 2.75% at Santander and soon to rise, it seems.
3% guaranteed increase (no risk) is night-and-day better than trying to find stocks to invest in currently, which is likely to only lose money (as Fed keeps increasing the rates).
TBH stocks will eventually recover, so we should start investing now; these stocks will seem discount/bargain cheap in a year or 3’s time…
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Translation a lot of people couldn’t use their deposit because mortgages became unaffordable so now they have more savings as a result.
Like most who reply – I’ll speak to my bubble of concern only:
The international markets are tanking (S&P 500 primarily), so savings accounts are the only place to put cash reserves currently, is why. Up to 2.75% at Santander and soon to rise, it seems.
3% guaranteed increase (no risk) is night-and-day better than trying to find stocks to invest in currently, which is likely to only lose money (as Fed keeps increasing the rates).
TBH stocks will eventually recover, so we should start investing now; these stocks will seem discount/bargain cheap in a year or 3’s time…