Skipton Building Society

colsten

ivormonee said:

Depending on which measure of inflation we look at, if we take the lowest, which is 0.7% (CPI) then I don't believe there's any easy access or one year fix that matches it, let alone beats it. So, wherever you save your money you lose in real terms!

That's why rates are so low. You're not meant to save, but to spend spend spend. 

happybagger

Love to do that, if shops were open and a pleasurable (or even just not unpleasant) experience.

MiserlyMartin

Rates are virtually zero across the board. The government leave us no choice but to gamble it on stocks now. I will remember this in the May elections and the next general. They are the most socialist Tory Government ever and make Browns Labour look responsible with money. Plus they all ought to be locked up for the way they have caused deaths from a year of lockdown plus.

eastmidsaver

i've just recieved a letter saying my Skipton interest is decreasing from 1% down to 0.5%,   i knew it was going to happen at some point to be fair....    not great though.

ivormonee

eastmidsaver said:

i've just recieved a letter saying my Skipton interest is decreasing from 1% down to 0.5%,   i knew it was going to happen at some point to be fair....    not great though.

It isn't great at all. Although, assuming this is an instant access account, then there is nothing at all paying more than 0.50% at the moment. If it's not instant access or is something else like an ISA or regular saver or something, then that alters things.

soulsaver

ivormonee said:

eastmidsaver said:

i've just recieved a letter saying my Skipton interest is decreasing from 1% down to 0.5%,   i knew it was going to happen at some point to be fair....    not great though.

It isn't great at all. Although, assuming this is an instant access account, then there is nothing at all paying more than 0.50% at the moment. If it's not instant access or is something else like an ISA or regular saver or something, then that alters things.

There are several instant access accounts paying more than 0.5%.. you just have do a bit of research, or maybe read the thread?

ivormonee

soulsaver said:

ivormonee said:

eastmidsaver said:

i've just recieved a letter saying my Skipton interest is decreasing from 1% down to 0.5%,   i knew it was going to happen at some point to be fair....    not great though.

It isn't great at all. Although, assuming this is an instant access account, then there is nothing at all paying more than 0.50% at the moment. If it's not instant access or is something else like an ISA or regular saver or something, then that alters things.

There are several instant access accounts paying more than 0.5%.. you just have do a bit of research, or maybe read the thread?

You must have some information that is not readily available then because I can't find any instant access accounts paying more than 0.50% to new customers. What "bit of research" would you suggest?

RG2015

soulsaver said:

ivormonee said:

eastmidsaver said:

i've just recieved a letter saying my Skipton interest is decreasing from 1% down to 0.5%,   i knew it was going to happen at some point to be fair....    not great though.

It isn't great at all. Although, assuming this is an instant access account, then there is nothing at all paying more than 0.50% at the moment. If it's not instant access or is something else like an ISA or regular saver or something, then that alters things.

There are several instant access accounts paying more than 0.5%.. you just have do a bit of research, or maybe read the thread?

Currently, there is no instant access savings account offering more than 0.50% for new customers without limitations on the amount that can be deposited.

Speculator

ivormonee said:

soulsaver said:

ivormonee said:

eastmidsaver said:

i've just recieved a letter saying my Skipton interest is decreasing from 1% down to 0.5%,   i knew it was going to happen at some point to be fair....    not great though.

It isn't great at all. Although, assuming this is an instant access account, then there is nothing at all paying more than 0.50% at the moment. If it's not instant access or is something else like an ISA or regular saver or something, then that alters things.

There are several instant access accounts paying more than 0.5%.. you just have do a bit of research, or maybe read the thread?

You must have some information that is not readily available then because I can't find any instant access accounts paying more than 0.50% to new customers. What "bit of research" would you suggest?

only current accounts paying more. (Lloyds Club, BOS Vantage)

soulsaver

RG2015 said:

soulsaver said:

ivormonee said:

eastmidsaver said:

i've just recieved a letter saying my Skipton interest is decreasing from 1% down to 0.5%,   i knew it was going to happen at some point to be fair....    not great though.

It isn't great at all. Although, assuming this is an instant access account, then there is nothing at all paying more than 0.50% at the moment. If it's not instant access or is something else like an ISA or regular saver or something, then that alters things.

There are several instant access accounts paying more than 0.5%.. you just have do a bit of research, or maybe read the thread?

Currently, there is no instant access savings account offering more than 0.50% for new customers without limitations on the amount that can be deposited.

I didn't say 'savings account'. And neither did the post I quoted.