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Interest rates for TheONE Account staying up
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Rowrow - have sent you a PM (private message) - haven't checked this thread for a long time and have only just seen your post.0
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Am i right in thinking one of the reasons RBS gave for not following the BoE rate drops over 2008 was that they followed the LIBOR rate?.
Now they have been caught artificially manipulating the rate is there any more ground for complaint?
Customer since 20050 -
LIBOR fixing relates more to commercial transactions and as far as I'm aware, One Account is run on a standard variable rate and has no direct LIBOR linking.
Either way, LIBOR rigging is said to have reduced the rate artificially, so you would have benefited, not lost out.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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