As negative interest rates loom, savers are scouting around for alternatives. A new investment promises 8% returns – from recycled cooking oil

Next Thursday the Bank of England is widely expected to make its first rate cut since March 2009, taking the base rate from 0.5% to just 0.25%, while NatWest has warned customers that negative interest rates could be on the horizon. For savers fed up with lousy returns, and willing to take much more risk with their money, are renewable energy schemes the answer?

Recycled cooking oil from fish and chip shops hardly sounds like a feasible alternative to a savings account at the Halifax, but the promoters of Living Power reckon that investors can make an “effective” 8% return over the seven-year life of the scheme.

Continue reading…
Source: Guardian Environment