Omission from The top Savings Accounts

[Deleted User]

On the Top Savings Accounts page it claims under Top Cash Machine Access Savings that Yorkshire Building Society is the best paying account with an ATM card. This is incorrect as Ulster Bank Pathway (3.6% inc 1% bonus) also offers a cash card that can be used in ATMs.

Sledgehead

Yeah, point taken, but then the best 3 year fix quoted on the savings page is paying 4.7% when one can do much better.

Martin is too busy looking after debtors who refuse to adhere to the terms and conditions they signed up to to be worrying himself with savers.

You have to remember, the site sub-title is "Consumer Revenge". The operative word there, "consumer" is the antonym of the word "saver". Infact the whole site title: "Money saving expert - consumer revenge" is actually oxymoronic, but then again it was given-birth to at a time when such contradiction swer the norm, as they are indeed now: war is peace, we must spend our way (quantitative easing) out of debt etc etc (sorry I digress).

When Martin went on a major recruitment drive a few years back he dropped in at housepricecrash (the membership of which was then derided by one and all) and canvassed us all. I told him his site name was a misnomer and that it should be called "MoneySpendingExpert" as all he was doing was advising people on how to get the best credit cards and purchasing deals. I told him credit was not needed by savers, but he wouldn't have it. He told me it was fatuous to suggest people just cut back on spending. Thing was housepricecrash folk could see the crunch coming and, unlike Gordon Brown, thought it wise to save for the rainy days ahead. Fast forward and Martin is now telling people what I advised back then : cut your spending and save. Sadly, many of the people who would love to save are now on short hours or have lost their jobs and simply can't afford to save. Moreover, fixed term savings rates are now pretty crummy, so many wonder what the point is.

Still, I wish him luck in bankrupting the tax-payer owned banks a second time around with his consumer appeal, and then teh losses can be fully socialised.

debbie42

Sledgehead wrote: »

The operative word there, "consumer" is the antonym of the word "saver". Infact the whole site title: "Money saving expert - consumer revenge" is actually oxymoronic,

Consumer is not an antonym of saver: that is a ridiculous statement.. The two are not mutually exclusive: you can be a consumer whilst saving as much as you can be if you are in overall debt. It is very hard not to be a consumer in our society, not matter what else you are.

Sledgehead

Ridiculous eh?

Is it ridiculous to equate consuming with spending in our money-based society?


Spender : Antonym - Saver : http://thesaurus.reference.com/browse/SPENDER

The problem is people have been so indoctrinated they think the logical ridiculous.

Time was a store discount was publicised by 3ft letters announcing "SALE!" Now the press is full of discounts accompanied by the word "SAVE!"

It is therefore unsurprising that you equate spending with saving, but the two really are not the same.

debbie42

Sledgehead wrote: »

Is it ridiculous to equate consuming with spending in our money-based society?
<snip>

It is therefore unsurprising that you equate spending with saving, but the two really are not the same.

Generally speaking, consumers spend. I don't think that's ridiculous at all.

Also, I didn't say I equated spending with saving. I'm not naive enough to be taken in by all the "special offer, 50% off" tripe that DFS and their like are peddling, and neither are the majority of people who subscribe to this forum.

However, it is possible to be a saver and a spender at the same time. I certainly do both, and if I manage to make a saving by reading some hints and tips on something that I was going to buy anyway, then I can save that away. As people have said, here and elsewhere "you can only spend it once".

If you want to preach about profligate spending habits and huge debts then I think you may be on the wrong forum.

Sledgehead

Ignore me. I'm just miffed about the amount of time and energy Martin is expending over bank charges. He should concentrate on helping people move accounts to banks that suit customers better imho, not attempting to regulate the private sector. Competition is what is required, not regulation. What chance have decent start-ups and foreign operatives got when they have to tick so many regulation boxes? Think of the lawyers fees banks like ICIC have had to spend to move into the British market. Is that something an Indian equivalent of Ipswich BS could afford? That's why competition is restricted here. that's why banks can charge waht they like and pay what they like. Regulation will only move the cost sto other customers.