They're havin' a laugh!

Hadrian

Just before Christmas I received a letter from Santander to say they were cutting my already poltry interest rate on my ISA and my savings account from 0.5% to (wait for it) 0.25%! :mad:
So I give them £100 for a year and, after the govt takes its share from my savings, I get 20 pence in return! At least I get the full 25p on my ISA. I've decided to liquidise the remainder of my savings and get rid of my old car and buy a nice new one. I future I shall keep as little as possible as savings and spend spend spend as the lady said.
Another benefit it seems would be that when the 'badies' finally get around to wrecking the banking system they won't get much of my money. :rotfl:

Stevie_Palimo

Well then you need to look at higher interest paying accounts here and if you spend, spend, spend as you put it then be prepared to be skint before long.

Aretnap

Or you could always spend ten minutes of your life looking for an account with a better rate - it's easy to get 5% on a few thousand pounds, or 6% using regular savers. Those are fantastic rates at a time when inflation is close to zero - very high indeed in historical terms.

Or I suppose you could just decide that it's too much effort, enjoy the feeling that you're being ripped off, blow your money and die poor. Your choice, really.

richy999

Hadrian wrote: »

Just before Christmas I received a letter from Santander to say they were cutting my already poltry interest rate on my ISA and my savings account from 0.5% to (wait for it) 0.25%! :mad:
So I give them £100 for a year and, after the govt takes its share from my savings, I get 20 pence in return! At least I get the full 25p on my ISA. I've decided to liquidise the remainder of my savings and get rid of my old car and buy a nice new one. I future I shall keep as little as possible as savings and spend spend spend as the lady said.
Another benefit it seems would be that when the 'badies' finally get around to wrecking the banking system they won't get much of my money. :rotfl:

I can only assume that you are having a laugh?!

colsten

Hadrian loves having a rant
https://forums.moneysavingexpert.com/discussion/comment/69779447#Comment_69779447

noh

richy999 wrote: »

I can only assume that you are having a laugh?!

He also seems to be suffering memory loss.
This is the second time he has posted the same thing.

https://forums.moneysavingexpert.com/discussion/5383417

colsten

Hadrian also seems to wear some form of shield that allows absolutely none of the many positive suggestions from forumites to make any difference whatsoever.

chris_m

colsten wrote: »

Hadrian also seems to wear some form of shield

Nah, needs to be something different, aha got it - how about a wall?
:rotfl:

eskbanker

chris_m wrote: »

how about a wall?

This one springs to mind: :wall:

Eco_Miser

Hadrian wrote: »

Just before Christmas I received a letter from Santander to say they were cutting my already poultry interest rate on my ISA and my savings account from 0.5% to (wait for it) 0.25%! :mad:

Why were you saving in a 0.5% account when 5% (and even 6%) is available?

Hadrian wrote: »

So I give them £100 for a year and, after the govt takes its share from my savings, I get 20 pence in return!

Actually, unless you're very rich, the govt is letting you keep the whole 25p. You could keep £2.50 if you went to TSB.

jimjames

Hadrian wrote: »

Just before Christmas I received a letter from Santander to say they were cutting my already poultry interest rate on my ISA and my savings account from 0.5% to (wait for it) 0.25%!

Was it poultry interest for your Christmas turkey? It's a cluckingly bad rate but you could at least read here to find out egg-axctly how to do at least 10x better.

Sorry folks, that's enough hen related puns for tonight