Anyone know about foreign FD?
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 Jul 3 2023, 01:52 PM
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5,366 posts Joined: Aug 2005  
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QUOTE(gamenoob @ Jul 2 2023, 10:18 AM) GBP FD now at 4.5% 1 month up to 5.5% 12months which bank and how the spreadExpect to be higher when BOE raise higher rate in next 2-3 months  |
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Jul 4 2023, 11:53 PM
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#2
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5,366 posts Joined: Aug 2005
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QUOTE(xander2k8 @ Jul 4 2023, 08:21 PM) Any banks also will have the spread wide at least 2% which you will be losing end 🤦♀️ so no point unless if you have a native UK bank account to bank into not to mentioned conversion rates that means if people willing to do this despite all the spread and bank commissions, that says alot on their future outlook of the country, this is basically like calling for short for the countrybut yeah, the development of recent affairs really made me disappointed enough i might join in the bandwagon of the fund outflow of the country  |
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