Interest Rates

Discussion in 'Bulletin Board ARCHIVE' started by pontyender, Sep 20, 2016.

  1. pon

    pontyender Well-Known Member

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    #1 pontyender, Sep 20, 2016
    Has anyone else's interest rate on their savings dropped by 0.35% rather than 0.25%, after the recent rate change?

    I opened a new savings account the day before the announcement, and before I'd even had chance to move my money, got a letter from the bank saying the interest rate was going to fall from 1.2% to 0.85% in November.

    I've now noticed that the interest rate in my old savings account has already dropped from 0.6% to 0.25%.

    Robbing *******s are the first words that spring to mind.
     
  2. red

    red24/7 Well-Known Member

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    #2 red24/7, Sep 20, 2016
    Is your lass a cleaner at sports direct, "savings",what are those?
     
  3. jedstar

    jedstar Well-Known Member

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    #3 jedstar, Sep 20, 2016
    I was just thinking earlier - have you seen how much banks spend on advertising during prime time? They're the longest adverts on there and are the most slickly produced - not bad for an industry that completely imploded a few years ago.
     
  4. fit

    fitzytyke2 Well-Known Member

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    #4 fitzytyke2, Sep 20, 2016
    I'm paying 15% on a business loan.

    Sent from my SM-G850F using Tapatalk
     
  5. Mrs

    MrsHallsToffeerolls Well-Known Member

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    #5 MrsHallsToffeerolls, Sep 20, 2016
    I pay no interest to these anymore its zilch or near as dam it.
     
  6. Ome

    Omen Well-Known Member

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    #6 Omen, Sep 20, 2016
    have a look at funding circles as an alternative - 7% return and they are adding an isa version.
     
  7. Sopwith Camel

    Sopwith Camel Well-Known Member

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    #7 Sopwith Camel, Sep 21, 2016
    And if or when it goes to Negative interest rates... when the Banks charge you for holding your money, what will folk do then?

    Happens elsewhere..
     
  8. Marc

    Marc Administrator
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    #8 Marc, Sep 21, 2016
    I assume we'll be able to charge them for taking a mortgage as well then?
     
  9. Brush

    Brush Well-Known Member

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    #9 Brush, Sep 21, 2016
    The rate on my Santander 1-2-3 account is dropping by 1%.
     
  10. pompey_red

    pompey_red Well-Known Member

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    #10 pompey_red, Sep 21, 2016
    current accounts dropping by half to 1.5%
     
  11. onlyonesteviecooper

    onlyonesteviecooper Well-Known Member

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    #11 onlyonesteviecooper, Sep 21, 2016
    no point avin brass int bank. get it spent!!
     
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