is £2000 in a savings account alot will the bank think im a good customer

nomoneytoday

libra10 wrote: »

It doesn't appear to me that banks or building societies are grateful for savings received. If they are their current savings rates don't reflect this.

The base rate is 0.50% - how else can a business earn a profit, pay rent and rates, pay staff etc ?

pothole50

Well I have £2000 in my bank account and each time I go in they would like to chat to me about my finance and advise me, I always decline but each time they ask, so I must be a really valued customer of theirs or so I would like to think, well at least thats what they tell me in any letters they send, I will remove my tongue from my cheek now.

PinkPig

I don't think banks really have very strong definitions of a "good customer". Frankly, the bank's idea of "good" will often be "profitable" which isn't necessarily in your best interests!

With £2000 in a savings account and no other products or services with the bank, in the big scheme of things you have only a small amount of money and the bank will have many other customers with much larger balances and bigger transactions. Of course it goes without saying that you're a "better customer" than the people who have 1p in their account and have only used it to get a freebie!

Is there some reason why you need to know?

udydudy

dave0000 wrote: »

im saving up and almost have 2000
is £2000 alot to have saved up
would the bank consider me a good customer

Well any saving in this day and age will be considered good by the bank!!. Also if the money goes in month by month and goes to this amount it is good.

IMHO, every thing in the banks these days is run more by computers,(which is why we had a credit crunch- computer generated valuations, computer generated credit worthiness, etc, etc!!) computers go more by percentages than by just an amount especially as different people earn different amounts and spend differently.The only way of comparison is by percentage of income to expenditure(i.e inflow/outflow), debt outstanding to inflow, etc.

A person may have £100,000 in the bank with £1000,000 in debts. I know that my bank finds me a good customer(the teller told my OH twice!!) since every month money goes in and then quite a big chunk moves into their savings account, the rest is out by DD.

Keep up the savings mate.