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Fix you savings at ... 0.1%!

BruceyBonus
Posts: 1,142 Forumite


This one made me giggle:

And MoneyFacts' comment...
At least it'll protect against any further rate dropsFIXED RATE EASY ACCESS launched w.e.f. 1.4.09: an instant access account with a minimum investment of £50 paying a fixed rate of 0.10% yearly. Minimum operating balance £1. Passbook available.

And MoneyFacts' comment...
https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=184446This is an unusual account to be launched in the savings market....
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Comments
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In Japan in the past their reaction to this kind of thing was to take their money abroad to places like Iceland and government bonds
As of last summer that policy was a failure as the Yen strengthened alot apparently. If we're sure the pound will be crap for a while then people might do the same here0 -
Is that 0.1% with bonus? :eek:0
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BruceyBonus wrote: »This one made me giggle:At least it'll protect against any further rate drops
And MoneyFacts' comment...
https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=1844460 -
Must be new trend in savings accounts - give us your money for free :eek:
:rotfl::rotfl::rotfl::rotfl:"How could I have been so mistaken as to trust the experts" - John F Kennedy 19620 -
sabretoothtigger wrote: »In Japan in the past their reaction to this kind of thing was to take their money abroad to places like Iceland and government bonds
As of last summer that policy was a failure as the Yen strengthened alot apparently. If we're sure the pound will be crap for a while then people might do the same here
well, thats what many people were saying last Dec, and so far in 2009 £ has been the strongest major currency in the world
yen+13.6%,
$ +3.0%
SF +9.8%
€ +6.7%
C$ +3.3%
A$ +0.4%0 -
After tax this account is paying 0.08% .0
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Low savings rates are the best way for banks and building societies to rebuild much needed capital and pay off the Financial Services Compensation Scheme over the next decade. Expect more of the same.0
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I'm surprised it was from Kent BS - they usually offer good rates0
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they usually offer good rates
They still do compared with Nationwide BS :rotfl:
http://www.krbs.com/saveinterest.aspx0 -
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