We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We got £1 per £1000 interest :(

24

Comments

  • C_Mababejive
    C_Mababejive Posts: 11,668 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Craig12 wrote: »
    I got £9.43 on just over £9000 at the Halifax. When I saw the interest, I just went mute. A week later, I pulled all of the money out. Its now with a further £4000 doing nothing. The £4000 was the accumalation of assets during the low interest rate and was already out because I refused to deposit a penny, so now I have just over £13000 out of the bank and there is no where else to put it. I don't trust them anymore.


    Craig..move along to TDW or III and buy a wad of shares in blue chips. You will get a fair divi return and likely capital growth.

    These people are taking you ,me and other honest savers for a ride.

    Keep an eye out to buy your blue chips at best prices.
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Craig12 wrote: »
    This is happening after my financial life collapsed. Good day to you. Help me? Who the !!!! is helping me? Get back to the real world, idiot.

    If you do not start behaving, you need be banned.
  • C_Mababejive
    C_Mababejive Posts: 11,668 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Craig12 wrote: »
    This is happening after my financial life collapsed. Good day to you. Help me? Who the !!!! is helping me? Get back to the real world, idiot.
    Could you share the details of your collapse as we might be able to hack out a recovery plan?

    A lot of savings mugs have got their tootsies burned and I'm one of them but doing nothing is not an option.
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
  • artha
    artha Posts: 5,254 Forumite
    Craig12 wrote: »
    I would prefer that. Then I wouldn't see all the negativity coming from these posters, plus I can do something constructive and make more money from it, rather then sit on these boards and wither away to nothing.

    Ta Ta.

    Craig,

    We don't know your personal circumstances and it may be too easy for some of us to judge. This thread is not for rants but that doesn't mean there isn't a place for you on these forums. Why not pop across to the moneysavers arms thread where I'm sure you'll be welcome
    Awaiting a new sig
  • catz747
    catz747 Posts: 20,381 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Just checked & it doesn't tell you on the online banking with the Halifax what the interest rate is, strikes me as a bit odd, it's the sort of place you'd expect to find that info - with your balance etc.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    catz747 wrote: »
    Just checked & it doesn't tell you on the online banking with the Halifax what the interest rate is, strikes me as a bit odd, it's the sort of place you'd expect to find that info - with your balance etc.
    If you go to their Web Site it's quite easy to find.

    You won't find many banks that display rate information on their online banking screens.
  • glider3560
    glider3560 Posts: 4,115 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If you want a consistent rate and the interest rate displayed on internet banking, then go to National Counties Building Society. You'll get 1.26% on your savings and 1.81% on your ISA. They've had this rate (tracking the BoE base rate) for as long as I can remember (I've been with them for at least 3 years).

    They display the rate online next to your balance. They write to you when they change rates/introduce new tiers. They even include a summary of all the rate changes and BoE rate changes at the bottom of every statement.

    Hardly a headline rate, but great for people who don't want to keep shuffling their savings around.
  • glider3560
    glider3560 Posts: 4,115 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Craig12 wrote: »
    1. The rate you displayed is dismal and very insulting.

    2. Who the bloody hell is the company you have displayed?
    1. You either take a headline rate and take responsibility for ensuring the rate stays high. Or you go somewhere with a lower rate but a track record for keeping their rates consistent.

    2. The 16th largest building society in the country. They have one branch in Epsom but a large postal/internet/telephone operation. You will certainly not get better service from anyone else these days.
  • cepheus
    cepheus Posts: 20,053 Forumite
    glider3560 wrote: »
    If you want a consistent rate and the interest rate displayed on internet banking, then go to National Counties Building Society. You'll get 1.26% on your savings and 1.81% on your ISA.

    So your savings effectively reduce in value by 2-3% a year (relative to inflation) by 'investing' with them!

    Just closed my ISA with National Counties, not worth the tax free status. and placed the monies with NS&I.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    cepheus wrote: »
    So your savings effectively reduce in value by 2-3% a year (relative to inflation) by 'investing' with them!
    The context of the post was pretty clear. A saver has 3 choices.

    1) Be a rate tart and chase what's best for you.

    2) Settle for somebody like National Counties who appear to offer a no-frills sustainable value product.

    3) Don't manage your money and trust your provider who will invariably shaft you.
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 347.2K Banking & Borrowing
  • 251.6K Reduce Debt & Boost Income
  • 451.8K Spending & Discounts
  • 239.5K Work, Benefits & Business
  • 615.3K Mortgages, Homes & Bills
  • 175.1K Life & Family
  • 252.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.