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ICESAVE Keeps savings and ISA rates unchanged!
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
Icesave have announced that they will NOT be reducing their savings and isa rates despite the recent base rate cut! :j
Also a new 6 month fixed rate bond will be launched tomorrow (12th April) paying 6.86% AER!!! :j
3 cheers for ICESAVE!!!!:beer: Hip hip.....
:money:
Also a new 6 month fixed rate bond will be launched tomorrow (12th April) paying 6.86% AER!!! :j
3 cheers for ICESAVE!!!!:beer: Hip hip.....
:money:
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Comments
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Hoo boy!!!poppy100
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Why do they continue to borrow from us rather than the Bank of England ? Does the BoE know something about them that we don't..?0
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Why do they continue to borrow from us rather than the Bank of England ? Does the BoE know something about them that we don't..?
I'll admit that I don't know everything about banking, but as far as I understood it banks use savings to pay for loans that other customers have taken out. Look what happened to Northern Rock when they had to take a loan from the BoE. Taking BoE money is not the norm its an exception, and i'm pretty sure an Icelandic bank would have problems getting money from the UK central bank if they arent based here.0 -
Add in the fact that Iceland's base rate is going up and is nowhere near ours at 15%: http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=35d61aa9-30b8-4d7c-bf12-7719ff1815bfTaking BoE money is not the norm its an exception, and i'm pretty sure an Icelandic bank would have problems getting money from the UK central bank if they arent based here.Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0
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