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  • FIRST POST
    newOAP
    Force up interest rates
    • #1
    • 7th Dec 12, 9:37 PM
    Force up interest rates 7th Dec 12 at 9:37 PM
    Although it might be very hard to motivate a large enough group of debt free savers, would it make banks, etc and even the government re-think their savings interest rates if every saver threatened to withdraw their savings at the same time. We probably all moan about the low savings interest rates but if everyone withdrew their money, interest rates would have to increase to attract it back again. Could this be a way of forcing up interest rates ?
    Last edited by newOAP; 07-12-2012 at 9:42 PM. Reason: spelling mistake
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