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BoE raises rates to 5.25%
Comments
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And some ignore some of them completely.lisyloo wrote:Some do it very soon, others take 6 weeks unfortunately.
Like A&L's ISA rise which resulted from the 11/06 BofE rise - 0%!Time has moved on (much quicker than it used to - or so it seems at my age) and my previous advice on residential telephony has been or is now gradually being overtaken by changes in the retail market. Hence, I have now deleted links to my previous 'pearls of wisdom'. I sincerely hope they helped save some of you money.0 -
Similarly ING last time.Heinz wrote:And some ignore some of them completely.
Like A&L's ISA rise which resulted from the 11/06 BofE rise - 0%!
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"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0
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Perhaps it time to hit the savings institution with lots and lots of queries about their interest rate setting and (where applicable) drawing to their attention past performance and departures from the BOE moves. No doubt the usual suspects (like Nationwide) will want to hunker down on savings for the rest of the month. Well, should we give them a quiet life? Hell no!
(No publicity is bad publicity).....under construction.... COVID is a [discontinued] scam0 -
MickKnipfler wrote:Depends if you're saving or borrowing!
I did make it clear I have HiSave, Icesave and NSandI savings accounts.0 -
I vaguely remember that ICICI backdated the % increase the last time there was a rate rise.
Anyone? I am probably hallucinating!0 -
Lloyds didn't raise its online saver rate last time either.
Anyway, I'm off to the mortgage board to see if they have a rate rise thread yet and to help mop up the BTL tears...
Regards
XXbigman's guide to a happy life.
Eat properly
Sleep properly
Save some money0 -
Time to get out of my fixed rate ISA's in April methinks! Wonder what ING will do?0
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At the same time they announced the increase this lunchtime,i was busy shredding some old papers.I found my original mortgage set up statement,back in 1990.To think we were quite happy to pay 15.4% then!!:eek:
Wish i had had savings then instead of a mortgage!But of course the plus side was the house cost a lot less so it is swings and roundabouts of course............0 -
Froglet wrote:
Wish i had had savings then instead of a mortgage!But of course the plus side was the house cost a lot less so it is swings and roundabouts of course............
It depends on your perspective....
Scenario 1, buy at £100k, borrow at 10%, pay £833pm interest
Scenario 2, buy at £200k, borrow at 5%, pay £833pm interest
Are they the same?0
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