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Saving rates down again
- Crawford
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Saving rates down again
I was informed by email that my savings account now has an interest rate of 0.05%.
This works out to be 5p for every £100 savings over a year.
Bad time to have saving right now!
This works out to be 5p for every £100 savings over a year.
Bad time to have saving right now!
- Sunderland Nut
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Re: Saving rates down again
50p per thousand quid
I have a bit spare cash now and was looking to invest it but those rates are ridiculous.
I have a bit spare cash now and was looking to invest it but those rates are ridiculous.
- Sunderland Nut
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Re: Saving rates down again
Hadaway man.
I am working twice as much because of the virus and have spare cash which needs banking so obviously need to get a decent interest rate for it.
If people would just go to bloody work then I wouldn't need to work harder and I don't care too much about having savings anyway.
- Steve30000
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Re: Saving rates down again
Yet credit card rates are going up. Not daft, are they? Anything that helps them make money on people who struggle
- Sunderland Nut
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Re: Saving rates down again
Don't know the score on this because I only had a credit card once just in case I wanted a credit score of some sort.
After a few years of it doing nothing they took it off me.
I just like to deal in cash anyway.
- Steve30000
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Re: Saving rates down again
It'll all be plastic soon enoughSunderland Nut wrote: ↑02 May 2020, 10:42Don't know the score on this because I only had a credit card once just in case I wanted a credit score of some sort.
After a few years of it doing nothing they took it off me.
I just like to deal in cash anyway.
- Sunderland Nut
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Re: Saving rates down again
No doubt it will but that means more control over people and at the blink of an eye they could destroy anyone they like.
I am against a cashless society but I do believe they will use this coronavirus pandemic to say we need it.
- Steve30000
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Re: Saving rates down again
Even before this virus was going about, I always used contact less anyway.Sunderland Nut wrote: ↑02 May 2020, 11:02No doubt it will but that means more control over people and at the blink of an eye they could destroy anyone they like.
I am against a cashless society but I do believe they will use this coronavirus pandemic to say we need it.
Its a lot easier, you can still keep a check on your finances, and you're less likely to lose money.