Published 2015-03-18 20:00
Are you small investors are still opportunities to receive interest on the money. Choose a savings bank account with a fixed interest rate – but act fast. Those who plan to travel abroad can count on an expensive holiday.
Are you small investors are still opportunities to receive interest on the money. Choose a savings bank account with a fixed interest rate – but act fast. Those who plan to travel abroad can count on an expensive holiday.
Worse for small savers
The Riksbank’s statement on further reduction of interest rates is hard on small savers who learn get zero interest on your bank account the next two years, according to the Riksbank’s forecasts.
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– We will see a giant stream of money going from big banks to niche banks that have interest rates on their savings accounts. They will be flooded by savers’ money. But niche banks do not have all the money and then they will lower your interest rate. When many people want the same product can lower the price, says Claes Hemberg, savings economist at Avanza Bank.
For investors who still want to have money in a bank account, the Council is to choose a fixed rate, for example, 1.5 percent. But you have to stay ahead – and to select an account with deposit insurance, there Claes Hemberg.
– Spring and select a bound one-year account of perhaps 1.5 percent for then do not bank cut rates next week, he says.
If you’re unlucky and end up among the last in the queue, you must look for some other form of savings, and then there are low-risk fixed income funds and hedge funds. Although the value varies more than in a savings account it still more savings.
Balanced funds is another option.
– There is a way to get a little more but still did not take the full plunge into the stock market. A cheap AMF or KPA balanced fund is a good option for those who will save time and do not need the money now.
Claes Hemberg discouraged, however, from saving in stocks or funds for companies in the oil, commodity companies and real estate.
mortgage rate
Anyone who expects a cut in interest rates on the mortgage may be disappointed. According to Claes Hemberg it is expensive for banks to administer less the interest rate and therefore it will probably be only a marginal reduction in mortgage interest rates, if any.
But Hemberg still think you should opportunity and try to haggle down their mortgage at the bank.
– Take this opportunity to call around to banks, but do not count on getting any free drop, he said.
More expensive vacation
Shortly after interest rate announcement crown fell by about 1.6 percent against both the euro and the dollar. This means that those planning to travel abroad can expect a more expensive holiday.
– We know that by far the largest destinations for Swedes in the summer, southern Europe and the US. This announcement means that there will be a button hundred to disappear if you go on holiday and burn 5,000 crowns. Two weeks there will be approximately SEK 200, says Arturo Argues, private economist at Swedbank.
So far it is too early to predict the crown will fall even more. Länsförsäkringar’s chief economist Anna Austria argues that the Swedish economy is fundamentally strong, therefore the currency reasonably to remain at a fairly high level.
While there have been quite large currency movements around the world in recent times . Last year declined the crown but this year it has recovered.
– The Riksbank will send a signal that you are uncomfortable with the crown lately have been strengthened. It wants a weaker crown, the crown would be strengthened Riksbank will probably act again.
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