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Birmingham Midshires reduce interest

MILLWALLFC
MILLWALLFC Posts: 64 Forumite
in Savings & investments
I just noticed BM have reduced their interest from 6.52 to just 6.00%.

I thought they would at least inform you of the change as HSBC alway have a message when they do this.

I have some money coming back from icesave shortly so does anyone know the best place to invest that wont keep reducing their interest ?

Thanks in advance for any advise.

Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I hope you lot behave yourself in Chester next Saturday.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • MILLWALLFC
    MILLWALLFC Posts: 64 Forumite
    Yeap its going to be fun, they have moved the kick off time havent they.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    MILLWALLFC wrote: »
    Yeap its going to be fun, they have moved the kick off time havent they.

    Yes one o'clock I think.

    With regards to the savings account I think they all get up to the same tricks and with interest rates coming down, if you don't need the money it might be worth going for a fix.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • CHR15
    CHR15 Posts: 5,193 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    bu99er!! I just opened one too. Just sent a deposit cheque off a couple of days ago.
  • Swipe
    Swipe Posts: 6,155 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Damn, looks like I'll have to review my position there then, Must be anticipating this weeks upcoming .5% cut
  • apt
    apt Posts: 3,249 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    No, they are passing on last month's 0.5% base rate cut. More cuts are likely in the near future.
This discussion has been closed.
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