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Icesave Veterans Association

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  • Nomad25
    Nomad25 Posts: 1,995 Forumite
    Part of the Furniture Combo Breaker
    As I mentioned in a previous post, 1892.gif I feel I have wasted so much time these past weeks, trying to get a mix and reasonable rate for savings, I'm really now having 2nd thoughts about whether it's worth the hassle.

    Like so many, I've 2176.gif watched my pension value drop big time beyond my control and as an average punter with a small amount of hard earned savings within my control [how naive] and on the way to retirement I'm trying to not lose out any further.

    1930.gif These financial weasels will always be one jump ahead - I rang the AA yesterday to confirm if their rate will drop [as mentioned on this thread] - they tell me as from Monday it going down from 6.46 to 4.53 1847.gif and the opening cheque hasn't even cleared yet! :eek:

    So that'll have to be transferred out again 2013.gif , I hate being suckered.

    Suppose they're relying on general public apathy 2214.gif to leave money in.

    The Tesco a/c is still running @ 6.00% variable if anyone needs to easy access their funds, which is where my AA funds will be heading.

    Does anyone else find this totally :mad: maddening + 1886.gifdepressing?

    End of whinge.
  • harrowing_3
    harrowing_3 Posts: 1,713 Forumite
    Nomad25 wrote: »
    As I mentioned in a previous post, 1892.gif I feel I have wasted so much time these past weeks, trying to get a mix and reasonable rate for savings, I'm really now having 2nd thoughts about whether it's worth the hassle.

    Like so many, I've 2176.gif watched my pension value drop big time beyond my control and as an average punter with a small amount of hard earned savings within my control [how naive] and on the way to retirement I'm trying to not lose out any further.

    1930.gif These financial weasels will always be one jump ahead - I rang the AA yesterday to confirm if their rate will drop [as mentioned on this thread] - they tell me as from Monday it going down from 6.46 to 4.53 1847.gif and the opening cheque hasn't even cleared yet! :eek:

    So that'll have to be transferred out again 2013.gif , I hate being suckered.

    Suppose they're relying on general public apathy 2214.gif to leave money in.

    The Tesco a/c is still running @ 6.00% variable if anyone needs to easy access their funds, which is where my AA funds will be heading.

    Does anyone else find this totally :mad: maddening + 1886.gifdepressing?

    End of whinge.

    Poor you, I'm depressed at my money market pension losing 13k in last year, but I'm 18 years from retirement.

    check out online savings top-5 tracker guarantee at www.saga.co.uk
    Bet their rate is ou-of-date too though :cry:
  • nilrem_2
    nilrem_2 Posts: 2,188 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Nomad25 wrote: »

    These financial weasels will always be one jump ahead - I rang the AA yesterday to confirm if their rate will drop [as mentioned on this thread] - they tell me as from Monday it going down from 6.46 to 4.53 and the opening cheque hasn't even cleared yet! So that'll have to be transferred out again ,
    I hate being suckered.
    Suppose they're relying on general public apathy to leave money in.

    The Tesco a/c is still running @ 6.00% variable if anyone needs to easy access their funds, which is where my AA funds will be heading.
    Does anyone else find this totally maddening + depressing?
    Yes it is depressing especially if one depends on interest to live, the problem is that with variable rates you will never win when rates are going downward, you will soon find that the Tesco rate will reduce as they all will, the only way really is to go the Fixed rate route as long as you can afford to tie up your cash, I always choose Fixed accounts paying monthly interest, the interest is paid into my current account and I use this to live on.
  • nilrem_2
    nilrem_2 Posts: 2,188 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Today we went cycling and it was dry, first time for weeks, it was really cold and by the time we reached the cafe my fingers and toes were so cold they were hurting. We had beans on toast and tea at the cafe then decided to take the shortest route home before we got too cold again, 20 miles from the cafe the wife remembers she forgot to pay the bloomimg bill! I said sod that I am not cycling all the way back now so when I got home I found their number and gave them a call, "are you the beans on toast people she said?" Lol I reckon they had already alerted Interpol! :rotfl:
  • oql61
    oql61 Posts: 613 Forumite
    Yes, difficult times ahead, but what the hell ... Arsenal beat Chelsea!
  • oql61
    oql61 Posts: 613 Forumite
    nilrem wrote: »
    Today we went cycling and it was dry, first time for weeks, it was really cold and by the time we reached the cafe my fingers and toes were so cold they were hurting. We had beans on toast and tea at the cafe then decided to take the shortest route home before we got too cold again, 20 miles from the cafe the wife remembers she forgot to pay the bloomimg bill! I said sod that I am not cycling all the way back now so when I got home I found their number and gave them a call, "are you the beans on toast people she said?" Lol I reckon they had already alerted Interpol! :rotfl:

    :rotfl: :rotfl: You should definitely leave your wife in charge of the finances. She's got it sussed!
  • Are you spending your Ice-y money on beans Nilrem? You crazy fool.....

    Just logged ontoday, caught up with the old thread, so glad (virtually) everyone is sorted, and found this thread, huzzah!

    And even more huzzah, if my on-line bank balance is anything to go by, I will have some Ice-y money myself tomorrow- yee-ha!:beer: Thanks Widow Twanky!:xmassmile

    Now, what do I do with it?....I'm thinking, a bit sensible (a wee overpayment on the mortgage), a bit of fun (Christmas clobber), and house stuff (towards rather expensive but lovely wardrobes). No point in it sitting around at miniscule interest rates, the theory of putting into into an ISA is great, but having seen the plummeting rates, I'm gonna stick with the Barclays Fixed rate monthly saver at 7.75% (but a max of £250/mo:() and go for it with the rest. Enjoy your Sunday night everyone, I'm off to celebrate with a wee snifter!
    Won Mulberry Bag Jan 09 :D
  • harrowing_3
    harrowing_3 Posts: 1,713 Forumite
    nilrem wrote: »
    Today we went cycling and it was dry, first time for weeks, it was really cold and by the time we reached the cafe my fingers and toes were so cold they were hurting. We had beans on toast and tea at the cafe then decided to take the shortest route home before we got too cold again, 20 miles from the cafe the wife remembers she forgot to pay the bloomimg bill! I said sod that I am not cycling all the way back now so when I got home I found their number and gave them a call, "are you the beans on toast people she said?" Lol I reckon they had already alerted Interpol! :rotfl:

    Clearly nowhere near London area then - cold and wet here , awful !
  • nilrem_2
    nilrem_2 Posts: 2,188 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Smithills wrote: »
    Are you spending your Ice-y money on beans Nilrem? You crazy fool.....


    And even more huzzah, if my on-line bank balance is anything to go by, I will have some Ice-y money myself tomorrow- yee-ha!:beer: Thanks Widow Twanky!:xmassmile

    Now, what do I do with it?....I'm thinking,

    You could do worse than stocking up on Baked beans while are on offer! :rotfl:

    BTW when did you initiate your Icesave savings? :)
  • nilrem_2
    nilrem_2 Posts: 2,188 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    harrowing wrote: »
    Clearly nowhere near London area then - cold and wet here , awful !

    No Gloucestershire, in actual fact although it was really cold we did get about an hour of the sun! :eek:
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