One Account rates cut

adeprit

Big thanks to everyone who has contributed to this forum, and to all the OA customers who have contacted their MP's. Big thanks also to my MP, John Penrose (Con) Weston S Mare, who wrote to the chancellor on my behalf.
Keep up the good work.

red789

This is the first time I think I have been involved and benefited in consumer power changing things to the consumers advantage.

I have no doubt in my mind that without a central place to compare notes, strategies, information and support the outcome would have been very different. Its nice as well for it to be on something where there was genuinely a case to answer. Its like something has changed permanently to redress the balance of power.

oldjabez

Yes, not a bad result. Could have been more but ........

Still leaves a bad taste in the mouth, what trust I had in NatWest has been eroded. I will watch them like a hawk.

It has been a pleasure to read and be kept informed of developments on this thread. Pretty much the first time I have been involved in a campaign like this. Good to take part, it won't be the last time I'm sure.

Kind regards to you all

OldJabez

:T

Johnkg

Interesting. I've got an RBS offset and only got 0.75% of this latest cut (effective 31st Dec) BUT it brings RBS offset holders down to 4.2%.

Looks like they are levelling the playing field..

Certainly looks like the noise you guys are making has had some effect! :beer:

malocao

Great result today :beer: and I agree credit is due to some folks on this thread - especially top man woodam1963 :cool:

Like a few others, I've thanked RBS/OA for their quick decision.

They aren't in the clear though. We're all still paying too much for one month anyway - RBS have picked our pockets, or rather our Xmas stockings, to make a stocking filler for themselves.

Even more important is how far & how fast they follow 3-month LIBOR.

Today's LIBOR is 3.38% - relative to that, their new rates are probably just about OK. But going by last month's experience, LIBOR ought to drop another 0.5% in the next week or so - i.e. plenty of time for a revised 31st Dec rate change.

IMHO, as soon as 3-month LIBOR hits 3% we need to be back on their case for a further announcement. Let's have that missing 0.5%!

Regards

yus786

This is all great news but don't forget that we are still owed a further 1% cut.

Keep up the good work everyone.

Browntoa

yes , thanks to all the work on this thread by some people , I've got the feeling the Guardian article may have made them realise they could'nt keep a lid on it and other papers/ Tv channels would have run stories ( and may still )

Lovetheoneaccount

malocao wrote: »

Great result today :beer: and I agree credit is due to some folks on this thread - especially top man woodam1963 :cool:

Like a few others, I've thanked RBS/OA for their quick decision.

They aren't in the clear though. We're all still paying too much for one month anyway - RBS have picked our pockets, or rather our Xmas stockings, to make a stocking filler for themselves.

Even more important is how far & how fast they follow 3-month LIBOR.

Today's LIBOR is 3.38% - relative to that, their new rates are probably just about OK. But going by last month's experience, LIBOR ought to drop another 0.5% in the next week or so - i.e. plenty of time for a revised 31st Dec rate change.

IMHO, as soon as 3-month LIBOR hits 3% we need to be back on their case for a further announcement. Let's have that missing 0.5%!

Regards

Last month everyone said they took too long - now they are too quick!

Is there no pleasing some people

Lovetheoneaccount

Tony

If you always wanted my mortgage to track the Base Rate why was this not made part of the terms and conditions?

Was it a deliberate ploy to confuse your customers?

malocao

Lovetheoneaccount wrote: »

Last month everyone said they took too long - now they are too quick!

Is there no pleasing some people

Welcome back -- whichever planet you're calling from.

I'm entirely pleased with the timing and content of today's decision. All I've said is that it might get out of date rather quickly, given that LIBOR hasn't caught up yet. In that event, we ought to press them for another prompt decision.

We'd all like to love the OA once again. But they need to prove themselves worthy.