Stuffing it under the mattress
With banks offering near zero interest on current accounts, stuffing it under the mattress (done properly of course) makes more sense than ever….this from The Guardian:
A bed company has come up with a novel way of encouraging savers to - literally - stick their money under the mattress. Feather & Black has made a divan bed with a safe hidden in its base which it hopes will encourage people to “revert to the old-fashioned methods of saving”. Managing director Robbie Feather says: “Confidence in banks has hit an all-time low and fears of a recession crime wave have been raised by the home secretary.” However, the price of the bed will not appeal to penny pinchers - a double costs £949 and a single £769.
06.03.2009(5:12 am)
According to a man from The Halifax I heard on the radio this morning, if you intend to ‘put it under your mattress’, you stick it anywhere than, well, under your mattress, as that’s the first place burglars look for it. But the fact that a banker was exploring the pros and cons of different household furniture in this way was pretty intersting in its own right.
06.03.2009(5:13 pm)
I wonder how he knows! I’d be curious to know his method…
But yes, crazy times. If the ‘quantitative easing’ accelerates, maybe we’ll be discussing the merits of pullalong trollies…