Egg announces....

pmorrison_2

Sorry, didnt realise it had already been said. Surely the drop is more than 1.5%, the variable rate is now 4.5% and was 6.55% (2.05% drop) and the fixed rate is 4% and was 6.3% (albeit from a few weeks ago). As far as I can see its only the ISA thats dropped by 1.5%. May be wrong though!

sabretoothtigger

Libor has dropped over 2% in the last month.

Citi shares rose today even though the sp500 fell, they were down 15% or so at one point yesterday. 1.3 million shares were bought by managers apparently

BritRael

opinions4u wrote: »

In summary:

Yes!

2 lots of £50k FSCS coverage.

Many thanks. Thats saved me a lot of hassle opening yet another account!

Baldur

pmorrison wrote: »

....the fixed rate is 4% and was 6.3% (albeit from a few weeks ago).

IIRC, the 6.3% fixed rate available until 10th October wasn't a FR Bond, it was an introductory 12 month rate offered on the internet savings account - so arguably a totally different (and much more flexible) product.

~Chameleon~

pmorrison wrote: »

Sorry, didnt realise it had already been said. Surely the drop is more than 1.5%, the variable rate is now 4.5% and was 6.55% (2.05% drop) and the fixed rate is 4% and was 6.3% (albeit from a few weeks ago). As far as I can see its only the ISA thats dropped by 1.5%. May be wrong though!

No, the 6.55% account is now 5.05% and the 6.3% is still 6.3% until the introductory period expires at which point it will become 3.25%, the current basic rate paying account which in itself has reduced from 4.75%. So as you see, it's 1.5% cuts all round

Lynt_3

Citigroup to cut 50,000 jobs according to BBC news.

Mr_K

Make that 75,000
http://news.bbc.co.uk/1/hi/business/7733575.stm

Terrible news for those affected, but probably good news for the long term viablity of the bank. I'm putting more money into Egg this afternoon, no worries...:cool:

Sam37

YorkshireBoy wrote: »

Oh dear!...I would imagine you're earning the (very poor) standard rate on all but the first one?

Oh well, better to know!

I'd just opened one every month with only a pound in, just to have it for when the offer expired.. but shouldn't have thought I was clever clearly!

Strange that it says that one is not allowed to open more than one of these accounts, as they clearly did allow me to open them.

Lynt_3

Mr_K wrote: »

Make that 75,000
http://news.bbc.co.uk/1/hi/business/7733575.stm

Terrible news for those affected, but probably good news for the long term viablity of the bank. I'm putting more money into Egg this afternoon, no worries...:cool:

I get very twitchy when I hear any negative news, cos all my money's in Egg.
I know we're covered for 50k, but I guess it would be quite a lot of hassle to get the money back.

_pale_