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Santander considering dropping rate...
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Still more than inflation.0
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Boo! I'm due a lump sum of £30,000 at the end of September so will need to review my plan for that as I was just going to split it across 123 accounts.0
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Have filled everything else. What a shame. Will hit lots of folks0
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well and truly shafted...so a 0.25% drop in base rate translates into a 1.5% drop in interest rate. Pensions are also going down the drain.
Going to start revaluating my P2P portfolio already earned £13,000 in interest over the last 4 years , with some large lump sums maturing end of the year taking my total up to £18,000.0 -
Ive got £10,500 in my 123 account. Not sure what to do with it now.
I was going to get the balance up to £20k then start paying into my S&S ISA0 -
You give them money with the right to demand it back on zero days notice, instant access from pretty much anywhere in the world.well and truly shafted...so a 0.25% drop in base rate translates into a 1.5% drop in interest rate.
They look after it safely for you with a guarantee of no loss. Then the bank base rate halves and weekly Libor halves, so their return on your idle cash deposit halves. While all their costs of systems, personnel and generally operating the banking infrastructure remain the same.
Why shouldn't they halve the interest rate that they offer you?
Mine is same as it was last week. Some people just like to complain.Pensions are also going down the drain.
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That is the next worry. Now one has started I can see the rest following shortly. I reckon they were all waiting to see who would jump first.AnotherJoe wrote: ».... assuming they stay 3% ....
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I guess it could have been worse, they could have gone for 1.23%!Stompa0
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My girlfriend has just persuaded her father to move over to Sandander :eek: completed last week.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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