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Nationwide drop 1yr e-bond from 6.7% to 6.45% to 6.25%
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Now the LIBOR interbank rates have dropped the banks don't need to offer such good rates to get investment in.Nothing to see here :beer:0
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Cozworth806 wrote: »Now the LIBOR interbank rates have dropped the banks don't need to offer such good rates to get investment in.
True, :T Why then are A+L paying 7% on One Year Fixed.
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The A&L offer will be a loss leader and losing them money. They will be losing around 1.50% on all the money that goes in so it is unlikely to stick around for long.0
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