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Whats N/Rock playing at
Stavros_3
Posts: 1,288 Forumite
I opened at the begining of the week a limited edition e-saver at 6%. Now they are 'launching' another e-saver from the 24th at a reduced 5.75% again limited edition. So does my account remain at 6% or are they being sneaky?. see below
https://www.northernrock.co.uk/savings/
https://www.northernrock.co.uk/savings/
Liquidity is when you look at your investment portfolio and **** your pants
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I opened at the begining of the week a limited edition e-saver at 6%. Now they are 'launching' another e-saver from the 24th at a reduced 5.75% again limited edition. So does my account remain at 6% or are they being sneaky?. see below
https://www.northernrock.co.uk/savings/
Your rate will get reduced to 5.75% on 24th September, I read this morning that deposits have been flooding into NR, so they dont need to try very hard to get the funds. 6% rate has been in force since 16th May.
https://www.northernrock.co.uk/savings/online-accounts/e-saver/rates/0 -
The B@$%*&£"sSLiquidity is when you look at your investment portfolio and **** your pants0
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The fact that the government backs Northern Rock, offering an effective 100% guarantee against a £35k protection elsewhere, distorts the savings account market and makes NR a popular choice when it may not have been otherwise.bristolleedsfan wrote: »Your rate will get reduced to 5.75% on 24th September, I read this morning that deposits have been flooding into NR, so they dont need to try very hard to get the funds. 6% rate has been in force since 16th May.
https://www.northernrock.co.uk/savings/online-accounts/e-saver/rates/
This in itself could destabilise other banks.
The powers that be should look at this.0 -
Liquidity is when you look at your investment portfolio and **** your pants0
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opinions4u wrote: »The fact that the government backs Northern Rock, offering an effective 100% guarantee against a £35k protection elsewhere, distorts the savings account market and makes NR a popular choice when it may not have been otherwise.
This in itself could destabilise other banks.
The powers that be should look at this.
I know and I believe that the O/P was aware of that as well, it has been said many times so I didnt bother taking up webspace saying it again. 0 -
As they're 100% backed by the govt, they are generally seen as "safer", so as blf says, they don't have to pay as much in return for deposits.
edit - ah, o4u beat me to it - that's what comes of opening loads of tabs and then working through non-uup-to-date threads
You've never seen me, but I've been here all along - watching and learning...:cool:0 -
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I never was in HBOS, I have removed all but 35k out of B & B because of the continued uncertainty. Its a bloody shame co's its one of the best internet accounts about that suited my personal circumstances. Now I've dumped a load in the N/R those naughty people are reducing their rates now that they are grabbing the savings market, the greedy B"£$%%$SLiquidity is when you look at your investment portfolio and **** your pants0
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So glad to be able to put your comments in to context for those who weren't though!:Dbristolleedsfan wrote: »I know and I believe that the O/P was aware of that as well, it has been said many times so I didnt bother taking up webspace saying it again. 0 -
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