Santander 2.75% Account

adindas

Swipe said:

adindas said:

Swipe said:

1.25%? Can't see that personally

https://www.express.co.uk/finance/personalfinance/1680984/Bank-of-England-BoE-interest-rates-recession-gilts-Kwasi-Kwarteng-Andrew-Bailey

‘Carnage’ warning as BoE to push UK into recession with ‘extraordinary’ 1.25% rate hike

But this is newest news

The Bank of England (BoE) has ruled out the need for an emergency hike in the Bank rate

https://www.forbes.com/uk/advisor/personal-finance/2022/10/13/inflation-rate-update/

I'm very wary of daily express articles. They like to clickbait.

Yes I know especially also because economy, the stock-market, finance is not their specialisation.

tiger70

I got 1 of 2 letters in the post this morning, just waiting for the other one now so I can log into my new account .

Rheumatoid

Both letters arrived. All set up and money moving both ways. Didn't need temp p/w for some reason so that letter wasn't necessary for me.

Aberdeenangarse

Swipe said:

1.25%? Can't see that personally

UK Interest rates are behind the curve, part of the reason we’re in the current mess. We know the next rise is going to be at least 1% If the FED rise more aggressively it’ll be more.

Swipe

Aberdeenangarse said:

Swipe said:

1.25%? Can't see that personally

UK Interest rates are behind the curve, part of the reason we’re in the current mess. We know the next rise is going to be at least 1% If the FED rise more aggressively it’ll be more.

Can't see the Fed doing more than a 0.75% hike. It would kill an already dying market.

andyhicks88

I got 1 letter....the trouble is it says it's the 2nd letter and I should have already got the 1st?!

refluxer

andyhicks88 said:

I got 1 letter....the trouble is it says it's the 2nd letter and I should have already got the 1st?!

As someone mentioned above, I got two letters but I'm pretty sure I only needed the details from one of them to set up online banking. If one letter arrived today, you're bound to get the other on Monday or early next week.

Look on the bright side - if those letter are a way of them being able to confirm someone's address, then that's less hassle than you having to post off a bank statement or visit a branch

housebuyer143

Millyonare said:

The Bank of England (BoE) is one of the worst-managed financial institutions in the entire world. Misread inflation (by miles) in 2021, cut rates to expectation in the face of soaring inflation in 2022, under-regulated pensions to the brink of collapse, caused a historic unprecedented run on the pound, and has a bizarre urge to talk down the UK economy every time it speaks. One calamity after another. Predicting what the BoE does with rates is anyone's guess.

This guess is that rates will rise +1.00% in Nov 2022.

Let's see.

This! The day the BoE came out and said "we are going into a recession", with no proof, only for the economy to be shown to had grown in the proceeding quarter 🤷‍♀️ 
It is laughable really, but then these guys are controlling the UK interest rate, so.....

Beddie

I applied online yesterday, got the 2 emails today and have been told to expect 2 letters in the next week. Pretty straightforward, but sluggish compared to the challenger banks.

callum9999

housebuyer143 said:

Millyonare said:

The Bank of England (BoE) is one of the worst-managed financial institutions in the entire world. Misread inflation (by miles) in 2021, cut rates to expectation in the face of soaring inflation in 2022, under-regulated pensions to the brink of collapse, caused a historic unprecedented run on the pound, and has a bizarre urge to talk down the UK economy every time it speaks. One calamity after another. Predicting what the BoE does with rates is anyone's guess.

This guess is that rates will rise +1.00% in Nov 2022.

Let's see.

This! The day the BoE came out and said "we are going into a recession", with no proof, only for the economy to be shown to had grown in the proceeding quarter 🤷‍♀️ 
It is laughable really, but then these guys are controlling the UK interest rate, so.....

When did they do that? The only stories I saw were them predicting an upcoming recession (Q4 this year).

I don't even know what to say to the implication that if you have growth one quarter then you can't have a recession in the next...