MMP128: What to do about low interest rates
The Meaningful Money Personal Finance Podcast
Pete Matthew
4.9 • 1.7K Ratings
🗓️ 23 September 2015
⏱️ 31 minutes
🧾️ Download transcript
Summary
Interest rates have been really low for a really long time. Great if you’re a mortgage borrower; not so good if you’re a saver. It’s these latter folks I want to give you some thoughts on what to do to get a better return than you’re getting in the bank, but what that might cost you in peace of mind and in pounds and pence.
Transcript
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| 0:00.0 | Hi folks and welcome to the Meaningful Money podcast session number 128. |
| 0:05.0 | We have a winner and here is your prize. |
| 0:14.0 | This is the podcast dedicated to helping you put your finances in order. |
| 0:22.9 | My name is Pete Matthew, and I'm going to share with you everything you need to know |
| 0:25.9 | and everything you need to do to secure your financial future. |
| 0:30.1 | I'm here to help you make sense of money. |
| 0:41.5 | Yep, welcome back, folks. |
| 0:43.8 | Good to have you with me once again. |
| 0:48.3 | Interest rates have been really low for a really long time, |
| 0:50.6 | which is great news if you're a mortgage borrower. |
| 0:52.7 | Not so good, though, if you're a saver. |
| 0:55.6 | And it's these latter folks that I want to speak to today and give you some thoughts on what to do to get a better return than you're getting in the |
| 1:00.1 | bank, but also what that might cost you in terms of peace of mind. And yes, pounds and pence. So that's |
| 1:07.2 | where we're heading for today. After the main body of the show, obviously I'll look at some reviews as I normally do. I'll announce what we're going to be talking about next time. I've also got a voicemail from long-time listener Andy up in Yorkshire. He's got some thoughts on session 126 a couple of weeks ago where we talked about paying down your mortgage or investing. Now just a couple of points. |
| 1:29.4 | Firstly, I'm recording this not from my lovely studio in my office in Penzance, but from a hotel |
| 1:34.0 | room in Leeds where I am doing some workshops for a company called Nuclis, who are a big financial |
| 1:41.5 | services, a rap provider. Great company. I'm doing some |
| 1:44.5 | sessions for advisors, but it's 10 o'clock at night. I'm very tired, very hungry, and I have |
| 1:50.2 | ordered room service, but I don't want to wait for it, because I might be waiting another |
| 1:54.3 | half an hour before room services arrives, and I'll have missed the chance to get going with |
| 2:00.1 | this recording. So I might have to break off to get going with this recording. |
| 2:01.2 | So I might have to break off if there's a knock at the door, but I'm sure you'll understand. |
... |
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