Interest Rates

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.

 

Is your lass a cleaner at sports direct, "savings",what are those?

 

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.

 

I'm paying 15% on a business loan.

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I pay no interest to these anymore its zilch or near as dam it.

 

have a look at funding circles as an alternative - 7% return and they are adding an isa version.

 

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..

 

The rate on my Santander 1-2-3 account is dropping by 1%.

 

current accounts dropping by half to 1.5%

 

no point avin brass int bank. get it spent!!