2009: 2012 – Robert Emmerich
Well, after a week of catching up, I’m now able to grap a reflective moment. I hope that your Christmas break was enjoyable and that you are suitably refreshed for a challenging 2012. Taking a quick year end recap, the main market indicies closed 2011 in the following manner.
FTSE 100 closed at…………….. 5,572
FTSE Allshare closed at…………2,857
Nikkei 225 closed at……………. 8,455
Dow Jones closed at………….. 12,217
Shanghai closed at ……………….2,199
Hang Seng closed at …………..18,434
CAC 40 closed at ……………….3,159
Bank deposit rates didn’t move much at all in 2011, unless of course you were borrowing money as a European nation. The rest of us here in the UK can ponder inflation rates at around 5% whilst interest rates are well below this level, meaning that in real terms the value of savings reduced. The current “best deals” are as follows, again please remember that this is merely a guide, not advice, you should chekc the detail and as I have said on numerous occassions – check the terms and conditions. Please also heed the warning not to hold “too much” with any single bank – details about compensation and protections can be found at the FSCS website.
One Year Deposit
Building Society: Barnsley 5.00%
Two Year Deposit
Building Society: Dunfermline 3.90%
Instant Access
Building Society: Nottingham 3.25%
Cash ISA – Fixed Rate
Building Society: Barnsley 5.00%
Cash ISA – Variable Rate
Building Society: Newcastle 3.05%
Wishing you a prosperous 2012.
 
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