The Financial Coach

MANAGING PEOPLE AND THEIR EMOTIONS AROUND MONEY

RSA Retail Bonds

The short term outlook for interest rates seems to be bad for those that are living off interest income…it looks like interest rates could stay low for quite a while and it is even possible that we could see another cut before the year end. (Once again) if you are a pensioner living off interest …

Best interest rate?

With interest rates having fallen so far and the possibility of still more cuts on the horizon, anyone looking for interest income is pretty hamstrung at this stage. Money market rates are 7% per annum and many of the banks are offering “exceptional rates” for 1 year fixed deposits. They will even “enhance” this if …