Fed up of crap rates

ed123_2

......if people think the saving rate/inflation link is bad today they should remember the mid seventies inflation of 26% and the best saving rate I recall was 9.5% gross.

Linton

ed123 wrote: »

......if people think the saving rate/inflation link is bad today they should remember the mid seventies inflation of 26% and the best saving rate I recall was 9.5% gross.

And inflation linked savings & pensions werent available.

darkpool

the whole idea of crap rates is so that people get fed up and just spend their money.

Ximian

This idea has already been put in place (was tried last year too), search for "Bank Transfer Day November 5th" for more information

guitarman001

ses6jwg wrote: »

Now it is the turn of those with mortgages to benefit.

Like the banks or government care about savers. It's ALL about mortgage-holders now and ALWAYS was - it;s the largest form of debt that the majority has and it's their cash cow. If house prices keep speeding downwards then the banks are going to be in serious trouble - that's why rates are low. Everybody here who has been responsible and saved are now bailing out home-loaners, even if you can't afford to own yourself. My advice to youngsters: get out of the UK and don't pay for it.

bendix

moneybuster wrote: »

having money invested and the fact that it's working very little for us all at the moment with no re-leaf in sight, i am seriously thinking of starting a web site for disgruntled people to sign up to take there money out and stick it under the bed till the banks start paying us more interest, they are creaming it back but giving nothing out, well see if you can keep afloat with out our cash. bet they would give us a better rate:D

would need a few thousand to sign up but it could be done.


fed up

I've seen some idiotic posts on MSE in my time here, but - congratulations - you win first prize.

Credit-Crunched

bendix wrote: »

I've seen some idiotic posts on MSE in my time here, but - congratulations - you win first prize.

Question for you money buster?

Do you have a mortgage?

Thousands of people are currently on sub 2% mortgages, only possible with a low base rate.

Overpay your mortgage?

Instead of moaning look at constructing a portfolio of shares, ISA allowances, bonds, etc

Try to bear the system and stop moaning like a little girl.

Banks are there to make profit, do you reall think that the 4 pints of milk you buy in Tesco costs 1.49,.... no its called running a business not a charity