Interest Rates

Nicholas

I know it would never happen, but wouldn't be interesting if all the savers went to all the institutions at the sign of the first big cut in interest rates and withdrew all money not locked in.

I reckon it would be enough to cause another round of problems.

Perhaps savers could 'punish' the first institutions to make big cuts by taking their money out (and not putting it back in that institution again).

If they want our money, make them work for it.:D

LongTermLurker

Nicholas wrote: »

Perhaps savers could 'punish' the first institutions to make big cuts by taking their money out (and not putting it back in that institution again).

That'll be B&B then :rolleyes:

LucyTheDwarf

1.5%... ouch... That's going to make it harder for me to reach my interest target for the year...

I guess nothing lasts forever. It'd be nice if the banks actually pass on the cuts to borrowers, so us savers are not losing out for nothing.

jingle68

aardvaak wrote: »

No I have to have a monthly income to survive and the ones I looked at all wanted to pay once a year.

we all need a monthly income of some form to survive, thats life!