Is TSB about to become the next bank to slash savings rates?

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  • minislim
    minislim Posts: 357 Forumite
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    GingerFurball wrote: »
    Great, more useless speculation from MSE.

    but 99% of the time MSE speculation turns out to be true!
  • sheramber
    sheramber Posts: 19,109 Forumite
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    Well if they say it often enough it will eventually will be correct when it does happen. May be this year, next year or in five years.
  • john1002
    john1002 Posts: 984 Forumite
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    I can't believe RBS savings have gone to 0.01%. Not sure why anyone would want to save at that rate.

    Sad times for savers.

    John
  • Pincher
    Pincher Posts: 6,552 Forumite
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    john1002 wrote: »
    I can't believe RBS savings have gone to 0.01%. Not sure why anyone would want to save at that rate.

    Sad times for savers.

    John

    It is paradigm shifting.

    In the good old days, if you can't make a living as a farmer, you turn bandit.

    So, instead of saving and get nowhere, become a pension liberation scam salesman, and rob people who do save.

    I believe the equivalent in nature is frogs changing sex.

    So, we turn from a nation of savers into a nation of high pressure financial products salesmen. The triggering mechanism being low interest rates.

    Crossing biology and economics, do I get a double Nobel Prize? :D
  • djpailo
    djpailo Posts: 550 Forumite
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    karlie88 wrote: »
    The thread is created manually, it's not an automatic process.

    What I'd like them to do is link their article to the original thread(s):

    http://forums.moneysavingexpert.com/showthread.php?t=5516532
    http://forums.moneysavingexpert.com/showthread.php?t=5516330

    That way all the information/gossip is in one place and makes the forum less cluttered.

    Fair enough
  • pearl123
    pearl123 Posts: 2,056 Forumite
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    If they drop their rate it is perhaps time to move. If there is anything better left!
  • teddysmum
    teddysmum Posts: 9,471 Forumite
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    john1002 wrote: »
    I can't believe RBS savings have gone to 0.01%. Not sure why anyone would want to save at that rate.

    Sad times for savers.

    John


    That makes Premium Bonds even more attractive, as there is virtually nothing to lose, but you may well gain by 'winning'. We rarely have a month when neither of us gets a 'win'; often finding that we both 'win' or one has multiple 'wins'.
  • eskbanker
    eskbanker Posts: 31,034 Forumite
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    teddysmum wrote: »
    That makes Premium Bonds even more attractive, as there is virtually nothing to lose
    ....except capital value erosion from inflation - you can mitigate this to a certain extent by reinvesting all winnings but if you don't then the value of your pot in real terms diminishes steadily over time.

    I'd agree that PBs are better than a 0.01% saving account though, but would contend that in turn there are many other accounts that beat PBs....
  • joe134
    joe134 Posts: 3,336 Forumite
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    Of course they are, and Tesco, and LLoyds, and BOS, et.al
    Not if, but when.
    You don't need to read it anywhere now Santander has taken the plunge, like lemmings, the others WILL follow suit.
    They are a Cartel.
    Carney gave them the excuse, and they are using it.
    The good times are over, if one can call them that.
    We with multiple A/cs haven't exactly made a fortune.;)but what was there was available to all.
    November will be the Month of several Bonfires. :(
  • pearl123
    pearl123 Posts: 2,056 Forumite
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    teddysmum wrote: »
    That makes Premium Bonds even more attractive, as there is virtually nothing to lose, but you may well gain by 'winning'. We rarely have a month when neither of us gets a 'win'; often finding that we both 'win' or one has multiple 'wins'.

    There also a good chance of winning absolutely nothing with premium bonds.
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