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Halifax bond rates have dropped again
Comments
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If we are all honest with ourselves throwing cheap money at the banks to lend at higher interest rates to people who need to borrow it serves no purpose to anyone except to increase bank profits .
Until this government understands that steps are needed to be taken to achieve growth in the economy we will bump along .
High unemployment means less tax paid by people and less spending in the shops and in turn less jobs needed.
Savings rates and mortgage rates are a fine balancing act you could have mortgages as cheap as chips but if the lending criteria is so strict and the house buyer or small business does not have confidence in future job prospects or the stability of future business the financing by this government is as good as a chocolate teapot.
Cheap mortgages tend to increase house prices which is the last thing we need and remember many people who are retired depend on savings income to make ends meet
Just my thoughts0 -
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.
Actually it just took me 2 mins to do, I just used the search function provided free with this forum. It was a simple job to put in your username and the text 'interest rate' to see a long list of posts which all pretty much said the same thing - that you wanted rates to go up.
I dont have a problem with the message in your posts, or with rates going up, just the fact that you pretended you werent pushing for rate rises when you clearly were and clearly have been for a long time.0 -
Eellogofusciouhipoppokunu wrote: »Actually it just took me 2 mins to do, I just used the search function provided free with this forum. It was a simple job to put in your username and the text 'interest rate' to see a long list of posts which all pretty much said the same thing - that you wanted rates to go up.
I dont have a problem with the message in your posts, or with rates going up, just the fact that you pretended you werent pushing for rate rises when you clearly were and clearly have been for a long time.
Go back and read my first post again and tell me where I said anything about interest rates going UP.
I repeat yet again, that I responded to the OP why I thought saving rates had come DOWN. (cheap money to borrow).
I didn`t "pretend" anything, I just replied to the OP.
By posting various past quotes from me, it was you that actually went off topic, but by doing so,did me a favour by showing how consistent I was on that subject.
By trying to be clever and trawling past posts it`s backfired a bit on you, leaving egg on your face.
Hopefully, in time, you`ll learn and stay on topic.0 -
Under 4% for five years - is there a recent trend with falling rates here I hadn't noticed before? With one year rates up to 3.6% (cahoot) this makes little sense. Analysis please?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......under construction.... COVID is a [discontinued] scam0 -
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I wonder why all the posts were brought back from the past too!
Exactly, just trying to be clever but it backfired.
I replied to the OP giving a reason for the downward trend in saving rates but others couldn`t think of one and tried to changed the thread around.
A bit pathetic really.0 -
I wonder why all the posts were brought back from the past too!
To show that if someone has the same 'raise rate' stance, post after post after post, that it's not unreasonable that people will assume that this person wants rates to rise when he moans about Halifax bonds dropping?
Or has 2010 changed his mind and doesn't feel that we should raise rates in order to help savers?
He seems to be distancing himself from these previous statements so perhaps he has had a change of mind?0 -
Eellogofusciouhipoppokunu wrote: »To show that if someone has the same 'raise rate' stance, post after post after post, that it's not unreasonable that people will assume that this person wants rates to rise when he moans about Halifax bonds dropping?
Or has 2010 changed his mind and doesn't feel that we should raise rates in order to help savers?
He seems to be distancing himself from these previous statements so perhaps he has had a change of mind?
I stand by all my previous posts that you quoted where I said that interest rates should rise.
This thread is about the Halifax cutting rates yet again.
I replied to that post giving the reason I thought why rates were dropping.
That`s it, simple for all to understand except you.
Hopefully over time, when you`ve gained more experience at posting, you`ll stay on topic and give some useful input like I do.0 -
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