Will icesave reduce rate

brookerbabyisababy

Is Icesave likely to reduce the rate by 0.25% now that others have done?

SORRY SHOULD HAVE SAID "WILL ICESAVE REDUCE RATES"

MiserlyMartin

Thanks for making me panic with the title of this thread. It should say "Will ICESAVE.....?" I'd say no because their main competitors have yet to reduce theirs, ie ICICI and others. Interbank rates are falling a bit but are still above the baserate so I think no, for the moment. They had better not!

jamesd

They probably will but their rates are way below base rate in Iceland so it seems likely that they are still gaining considerably from UK savers offering them cheap money and may feel less pressure than UK institutions.

OMski

LOL >

"Thanks for making me panic with the title of this thread. It should say "Will ICESAVE.....?""

Now that's EXACTLY what I did too

jon3001

jamesd wrote: »

They probably will but their rates are way below base rate in Iceland so it seems likely that they are still gaining considerably from UK savers offering them cheap money and may feel less pressure than UK institutions.

http://www.exchange-rates.org/history/ISK/GBP/G/365

Also GBP has lost over 10% vs ISK (and EUR, etc) over the year. I can only see this trend continuing during 2008.

nilrem_2

As an Icesave customer I find the title of this thread really annoying TBH! As other say why not use the word WILL? :mad:

chesky369

Original poster - PLEASE EDIT YOUR TITLE.

Lavendyr

pleeeease!

brookerbabyisababy

How do you edit the title?

jem16

brookerbabyisababy wrote: »

How do you edit the title?

Go back to your first post and click on Edit ( bottom right hand of your post).

Then click on "Go Advanced" and you will be able to amend the title.

brookerbabyisababy

All done. Sorry for trouble. But anyway does anyone think they will decrease rates???