0.5% Cut

smalandcute

great thanks mr brown, mr darling and marvin king, i was really hoping to have enough money saved by graduation to put a deposit on a house but thanks to your shcemeing and lying selves you have now destroyed the economy and my savings. people like myself have been good with our money so why should we be peanalised for saving. funny how the banks cut the interest rates on the savings accounts but are still making a mint from the borrowers maybe this should be passed on to us or at least give us a years tax break instead. i think its about time that we took a leaf from the french book and revolt against our government who encorouage us to spend spend spend but when we save money instead they let us down.

bargain_hunter77

Lokolo wrote: »

No. Theres plenty of threads already on this topic.

hi - could you please direct me to these threads - can't seem to find them.

thankyouxx

Lokolo

bargain_hunter77 wrote: »

hi - could you please direct me to these threads - can't seem to find them.

thankyouxx

To be fair it is off the page but here is the big debate:

http://forums.moneysavingexpert.com/showthread.html?t=1391699

mr_fishbulb

Lokolo wrote: »

Someone on the student part reminded me that Student Loan interest rate will fall with it! So not tooo bad.

Student loan rate is based on the RPI inflation measure, not the BOE base rate:

http://www.moneysavingexpert.com/loans/student-loans-repay

Lokolo

mr_fishbulb wrote: »

Student loan rate is based on the RPI inflation measure, not the BOE base rate:

http://www.moneysavingexpert.com/loans/student-loans-repay

And as the student loan is a low interest loan it can never be more than 1% above the base rate. Keep up

mr_fishbulb

Lokolo wrote: »

And as the student loan is a low interest loan it can never be more than 1% above the base rate. Keep up

Really? Nice one

Lokolo

mr_fishbulb wrote: »

Really? Nice one

lol yeh. After the last base rate cut there were some people saying it will be reduced etc. etc. and I was like nah its not related to base rate, as you said. Then I was pleasantly surprised!!!!!!!!!!!

nicko33

Look's like First Direct's Offset Base Rate Tracker mortgage (BOE+1.49%)
which I was considering for a possibly imminent house purchase has disappeared.

Replaced by BOE+1.89% product

Good to know the rate cuts are filtering through :rolleyes:

a7man

LesU wrote: »

Without my £20+£180 a year (some of us do have more than £5000 saved) and multiplied by the number of other people who now have less real money to spend, I guess the economy won't be in turmoil, it'll be flatlining.
Still, at least I didn't go for an alternative investment option of owning shares, property......

I'm talking about the future, not the past. Interest rates used to be good, now they arent so equities etc are much more attractive.

cloud_dog

smalandcute wrote: »

great thanks mr brown, mr darling and marvin king, i was really hoping to have enough money saved by graduation to put a deposit on a house but thanks to your shcemeing and lying selves you have now destroyed the economy and my savings. people like myself have been good with our money so why should we be peanalised for saving. funny how the banks cut the interest rates on the savings accounts but are still making a mint from the borrowers maybe this should be passed on to us or at least give us a years tax break instead. i think its about time that we took a leaf from the french book and revolt against our government who encorouage us to spend spend spend but when we save money instead they let us down.

Why on earth are you whinging.......... forget the one / two percent interest rates, house prices are falling through the floor - if this isn't a buyers market then it never will be. Aren't you going to thank anyone for that.......... hmmmmmm