MSE News: Base rate held at 0.5% again

GooliesOfFire

JohnRo wrote: »

Good for you... meanwhile the nations pensioners and savers are bailing you and the banks out.

I think a vast majority of population benefit from low base rate.

But one day I'll be a money saver and pensioner

A_Flock_Of_Sheep

Personally I am pig sick of low interest rates and propping up the borrowers of this country.

The banks are broken, this pitiful show of a government is broken and society is broken.

I thought the tories looked after those that were prudent. I am sadly mistaken.

Thrugelmir

stusworld wrote: »

shame bank of ireland dont know this

The clue to your situation is in the name.

Thrugelmir

JohnRo wrote: »

Good for you... meanwhile the nations pensioners and savers are bailing you and the banks out.

There's good rates available is one bother to look.

This site lists them ............

A_Flock_Of_Sheep

Thrugelmir wrote: »

There's good rates available is one bother to look.

This site lists them ............

LOL Good rates you mean 4.5% if you are very lucky and want to tie your cash up.

I want to see 6% NET minimum instant access. I remember when The Leeds Building Society paid 10% NET minimum on their Liquid Gold Instant Access Account. Now for the same instant access passbook account with Halifax you get 0.08% - woopsy doodah.

While those that have over committed themselves mortgaging themselves up to the hilt lap up cheap borrowing rates. It's a national disgrace.

heres a look at what should be:

http://youtu.be/OD0BfVJ7V3I
http://youtu.be/H8hr-dKwMsY

MoneySaverLog

A_Flock_Of_Sheep wrote: »

The Leeds Building Society paid 10% NET minimum on their Liquid Gold Instant Access Account.

Yes, that's when rates were good for savers, bring on the good old days

http://www.youtube.com/watch?v=eanlru8HkOI

A_Flock_Of_Sheep

MoneySaverLog wrote: »

Yes, that's when rates were good for savers, bring on the good old days

http://www.youtube.com/watch?v=eanlru8HkOI

Hear, hear, hear, hear, hear.

Bloody borrowers. The scourge of society.

Thrugelmir

A_Flock_Of_Sheep wrote: »

I want to see 6% NET minimum instant access.

And the inflation that will go with it?

Glen_Clark

Thrugelmir wrote: »

And the inflation that will go with it?

Exactly.
Inflation is more important to savers than interest rates.
If you have 10% interest rates (6-8% after tax) and 10% inflation, savers are still losing 2 - 4%

MoneySaverLog

Inflation was running between 3 and 5% at the time when interest rates were at 10% There was one blip where it went through the 6% though, it did not go as high as 8%

http://inflationdata.com/inflation/images/charts/Annual_Inflation/annual_inflation_chart.htm

To add insult to injury the rates of inflation were higher last year, were interest rates were at their lowest and continue to be so.