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Halifax bond rates have dropped again
lucky77
Posts: 217 Forumite
I was about to apply for the Halifax 5 year bond paying 4% when I discovered the rate had dropped to 3.65% so didn't bother.
The 4 year bond is now 3.5% and the 3 year bond is 3.25%.
Looks difficult to find anything paying 4% or more unless happy to open a current account with an Indian bank. Sainsburys have a 5 year bond paying 4% for minimum £5000 deposit.
The 4 year bond is now 3.5% and the 3 year bond is 3.25%.
Looks difficult to find anything paying 4% or more unless happy to open a current account with an Indian bank. Sainsburys have a 5 year bond paying 4% for minimum £5000 deposit.
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Comments
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I was about to apply for the Halifax 5 year bond paying 4% when I discovered the rate had dropped to 3.65% so didn't bother.
The 4 year bond is now 3.5% and the 3 year bond is 3.25%.
The problem is, yet again, this inept government, who have about 80 BILLION at a cheap lending rate for these bloodsuckers, so they don`t really have to be competitive for savers anymore.
(if they were ever)
You would think that after all the problems the banks have caused the last thing the government would do is encourage them to be even more greedy.
If the BoE cut to .25%, you might as well stick your money under the mattress for this will cause yet another excuse for the leeches to screw everyone and of course pay themselves a massive bonus.0 -
Yeah, let's hike interest rates so that millions of mortgage payers have to pay more whilst inflation runs away with their earnings that haven't kept pace with inflation.
And also turn the screw a little more on those businesses, especially those small ones.
Increase the rates for Gilts as well so that the country's debts accrue a bit faster and the country goes bankrupt a bit sooner. Solves the Pension and Benefits crisis, too, since everybody will get the same - - i.e. nothing.
At least those fortunate enough to have some money in the bank will have made a few quid more from higher savings interest rates.
Mind you, none of this would stop the stupid Daily-Mail-type comments.
(BTW, I am a saver too, and I'm seething that I can't get more interest. But I don't blame the current Government for it).0 -
Yeah, let's hike interest rates so that millions of mortgage payers have to pay more whilst inflation runs away with their earnings that haven't kept pace with inflation.
And also turn the screw a little more on those businesses, especially those small ones.
Keep calm dear, where did I mention increasing rates?
The banks are causing the problems as usual because they won`t lend, even though they`re getting cheap money to do so.
As for mortgage payers, they should of thought about repayments when they over borrowed and not expect the taxpayer to subsidised their over priced homes.0 -
Keep calm dear, where did I mention increasing rates?
The banks are causing the problems as usual because they won`t lend, even though they`re getting cheap money to do so.
As for mortgage payers, they should of thought about repayments when they over borrowed and not expect the taxpayer to subsidised their over priced homes.
In almost every post you make?
Put another record on, dear.This is really very, very bad news that the Halifax is raising mortgage rates by 0.5%.
It should really be FIVE per cent.
Why should savers subsidise indebted home buyers who have bit off more than they can chew.
They have had a good run for too long because of the BoE rock bottom interest rate policy.
Pay the true rate for your homes and don`t expect the country to buy it for you.Why would interest rates rise when we have a second recession just around the corner and a gutless BoE who have held at 0.5% for nearly three years and are at an utter loss what to do next, apart from printing more money.Would the "NOWS" like to go back to 15% interest rates instead of being subsidised by with taxpayer with their mortgages,because the BoE haven`t got the guts or the nerve to set a true interest rate.All he`s really done by holding interest rates at unrealistic levels for so long, is to encourage people, who have bitten off more than they can chew by borrowing too much, is to spend even more.
Instead of paying the true rate for their mortgage, they`ve ended up, thanks to Mervyn, with a lot of extra cash in their pockets every month, which Merv hopes they will fritter away to help the econmy.Whilst the BoE is frightened to increase interest rates because of the massive defaults and repossessions that would occur by people who have bitten off more than they can chew (mortgage holders), savers in this country have got no chance of finding inflation busting rates.We would all like to have better rates but when the main concern in this country is to look after mortgage holders and not SAVERS, we have and will be stuck with below inflation interest rates for a long time.By keeping the bank rate and mortgages low, it effectively means the taxpayer is subsidising people who have bitten off more than they can chew.The reason you`re only paying 1% for your mortgage is because you`re being "subsidised" by savers (who are getting low interest rates),tax payers (who are saddled with toxic bank debt)and the BoE ,who are government controlled, and scared witless to imposed a true base rate.
If people bite off more than they can chew why should they expect everyone else to bail them out.0 -
This thread is about rates dropping, i.e. it is implied higher rates are desired. If you response wasn't about that, perhaps you can explain what it was about.Keep calm dear, where did I mention increasing rates?
Agreed, that is part of the issues we are currently facing. Do you know why banks aren't lending, and - more importantly - do you have a constructive answer/suggestion as to how to resolve this issue?The banks are causing the problems as usual because they won`t lend, even though they`re getting cheap money to do so.As for mortgage payers, they should of thought about repayments when they over borrowed and not expect the taxpayer to subsidised their over priced homes.
It would be "should have", not "should of". But leaving aside your lack of grasp of grammar, what evidence do you have about how many people "over-borrowed", and how is the tax payer subsidising which "over priced homes"? And what is your suggested solution to the problem?0 -
they don`t really have to be competitive for savers anymore.
That's when you talked about rates not being high enough for your liking - you think a bank would put savings rates up without a corresponding hike in lending rates?As for mortgage payers, they should of thought about repayments when they over borrowed and not expect the taxpayer to subsidised their over priced homes.
Would that be the same taxpayer who was very keen to cash in on the CGT & stamp duty goldmine from the property merry-go-round of a few years ago?0 -
Eellogofusciouhipoppokunu
You obviously have a lot of spare time on your hands to trawl all my previous posts over the last year.
Try getting out more.
One thing for certain is that I stand by them.
Why should taxpayers and savers subsidise people who have bitten off more than they can chew.
They are not and haven`t paid the true going rate for their mortgages for the last three and a half years, since rates have been held at half a per cent.
The BoE have held rates to give these people, "X" amount surplus every month (which should be paid in mortgages), in the hope they will be spend it in the high street to keep the economy going.
Meanwhile thousands of savers/pensioners see their monthly interest dwindle away because of low rates.0 -
This thread is about rates dropping, i.e. it is implied higher rates are desired. If you response wasn't about that, perhaps you can explain what it was about.
The thread was about dropping until you ranted on about rising.
I gave an explanation of why I thought rates were dropping because of the cheap government money on offer.
It was you who ranted about rates rising.
Maybe you should check your own posts first.0 -
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