First there was National Grid, now Tesco.
The headline states something like: "Pays 1% adjusted for RPI".
Joe Public takes that to mean pays RPI+1, which he thinks is great.
They pay 1% with a microscopic tweak depending on how RPI compares
with ~6 months before the start of the bond - and inflation may well
go down - so less than 1%.
Not for me. I'd rather take the guaranteed fixed term bond rates of
the banks and BSs.
Don't be suckered in.
- posted 8 years ago