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Savers of the world unite
wellieboot_2
Posts: 10 Forumite
Greetings people,
Have just seen an atricle on News at 10. Grinning smug borrower bragging how much he's saving each month on his interest only mortgage countered by poor OAPs who's savings are now being spent as they're now getting no interest.
Hands up who think it's now time for a saver's protest. Maybe we should all turn up at our banks and building societies and ask for our money back on the same day.
That should put the willies up them.
It's not like we'll be losing much by having to take a hit for loss of interest penalties on notice accounts.
Have just seen an atricle on News at 10. Grinning smug borrower bragging how much he's saving each month on his interest only mortgage countered by poor OAPs who's savings are now being spent as they're now getting no interest.
Hands up who think it's now time for a saver's protest. Maybe we should all turn up at our banks and building societies and ask for our money back on the same day.
That should put the willies up them.
It's not like we'll be losing much by having to take a hit for loss of interest penalties on notice accounts.
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Comments
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Can we all withdrew our savings in June though please as I'm still fixed at 6.25% after that I will be more than happy to "stick it up them"If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
wellieboot wrote: »Greetings people,
Have just seen an atricle on News at 10. Grinning smug borrower bragging how much he's saving each month on his interest only mortgage countered by poor OAPs who's savings are now being spent as they're now getting no interest.
Hands up who think it's now time for a saver's protest. Maybe we should all turn up at our banks and building societies and ask for our money back on the same day.
That should put the willies up them.
It's not like we'll be losing much by having to take a hit for loss of interest penalties on notice accounts.
Great Idea close all the banks and bankrupt the country so you lose all your money.:rolleyes:
I thought the origonal points of banks were security not profit?
It seems some got taken in with the IR rates that came with the HPI and still expect high savings rates when all assets are falling
Unfortunatly money is an asset and can lose value like any other asset.
How about an extra 4% interest but no job?0 -
The govts new scheme to encourage low income groups to save by adding another 50p for every pound saved just magnifies the current discrimination against those who are already keeping the economy afloat with their savings. Nice one GB.Value-for-money-for-me-puhleeze!
"No man is worth, crawling on the earth"- adapted from Bob Crewe and Bob Gaudio
Hope is not a strategy
...A child is for life, not just 18 years....Don't get me started on the NHS, because you won't win...I love chaz-ing!0 -
VfM4meplse wrote: »the current discrimination against those who are already keeping the economy afloat with their savings.
How is saving money keeping the economy afloat could you explain that to me?0 -
Can we all withdrew our savings in June though please as I'm still fixed at 6.25% after that I will be more than happy to "stick it up them"
Aw but I'm fixed at 6.3% till October! Can we have the sticking then?“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
Did he just say put the willies up them?
Whatever would lord mandelson have to say about such a thing?Hi, we’ve had to remove your signature. The one where you showed us Dithering Dad is a complete liar. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team0 -
I'm fixed at 6.5%!
If/when it drops to 1%, it's coming out.0 -
While I feel for OAP's who rely on their savings and generated interest, I find this post in that while trying to unite savers, there are posts asking to delay the action until a time that suits them
Just goes to show that understandably so, everyone is looking after their own interests be it borrowers (mortgage holders) or savers.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
I think most of those whinging about low savings rates miss the point,last year when interest rates were around 5% inflation was also 5% so after paying 20% tax on the 5% interest their invested capital made a 1% loss,now savings rates are around 2% and rpi is only 0.9% they make 1.1%0
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