without saying anything bank cuts interest rates on my savings

Andy Pandy added these comments in the current discussion du jour ...

Sure, that's what Socialist business do, right? Not! They do what the government tells them to do. The OP got exactly what he deserved, as do ALL the Brits who eventually get screwed by their own government along with all that "free" healthcare they always brag about.

Reply to
HEMI-Powered
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james added these comments in the current discussion du jour ...

again, you Limeys simply MUST read your contracts! Banks CANNOT change interest rates on a whim, UNLESS the contract says they can. I simply can't believe that ANY bank would even be offering 4% on whatever an ISA is these days, 0.1% is much more like the going rate on ordinary savings accounts. It is ONLY CDs that pay more, and to get into the 4% range, one must either buy a really risky CD backed by a municipality or some company OR it is a teaser rate and will drop drastically after a short time. Either way, the bank DOES publish it's rules, but you MUST read them! Being stupid WILL cost you money, friends.

Reply to
HEMI-Powered

Invisible Man added these comments in the current discussion du jour ...

Exactly. Usually, they have a pretty brochure with the big numbers in it but you have to ASK to see the "fine print". It is almost NEVER the case that a bank will volunteer some draconian measures.

Reply to
HEMI-Powered

Learn to rean, loon.

-- Andy

Reply to
Andy Pandy

Actually one of our credit cards just dropped our rate...no strings attached.

Reply to
Lookout

You haven't read the Barclays ISA contract, have you, ignorant ranting little septic? I have. It states he's covered by the banking code. The banking code section 4.8 states they must contact him if the interest changes significantly.

Now piss off into my killfile you useless waste of bandwidth.

-- Andy

Reply to
Andy Pandy

what are you on?..... can I have some?

Reply to
BigGirlsBlouse

here here Andy.... as you say the yanks are turning out to be more socialist than our lot!.... having said that, you have to agree though that on october

13th socialism bailed out wanton unfettered captialism!
Reply to
BigGirlsBlouse

no don't kill him.... he makes me feel better for one, knowing what stupid buggers some of those yanks are.

Reply to
BigGirlsBlouse

HEMI-Powered coughed up some electrons that declared:

I'd rather give my money to a public NI scheme, then receive even limited healthcare without further ado, than have some dodgey arrangement with bent private insurance companies who will try to argue their way out of paying everytime I want to see the doctor.

So f*ck off you septic wanker.

Reply to
Tim S

Sigh. Uneducated Americans.

Look. Read carefully, move your lips at the same time if it helps.

NOTHING to do with the contract. UK regulations forbid changes like this if the customer is not informed.

Reply to
Bob Eager

All the more for us that have the sense to know where to look.

Not difficult to find a lot better than that for instant access accounts.

Rubbish.

Rubbish.

Maybe, still worth having. I still have money locked in at 7% with a good few months to go before I have to find a new home for it.

You are a (sub)prime example of that!

MBQ

Reply to
Man at B&Q

It's a bank. Get over it.

Reply to
Walter Bushell

and you probably pet the dog thats pissing on your shoe.

Reply to
C.D
  • Vote on answer
  • posted

C.D pinched out a steaming pile of:

without

interest

If a bank changes charges, interest rates, etc that affect your ballance in *any* negative way: dump them.

Vote with your feet. They see you as a number, a commodity to be used to their advantage. Don't see them as your "friends".

FYI HTH

Reply to
§ñühw¤£f

"john decker" wrote in news:h0dmtg$444$ snipped-for-privacy@news.eternal-september.org:

While I do not live in the UK and find the above a little hard to believe (I am not saying it's not true, just that ANY bank cutting rates by 97.5% (if my math is correct which it may well not be) is a little hard to believe.

Quote from

formatting link
"Barclays has cut rates on its Cash Isa so that savers with balances of over £18,000 in their cash Isa will receive interest of just 0.1pc - a fifth of the Bank of England's base rate - following a rate cut from Barclays. Customers with balances below this level had already seen the rate cut to 0.1pc.

Those with more than £18,000 will get just 0.31pc."

I find the math in the above statement more than a little confusing.

1st paragraph: "savers with balances of /over/ £18,000 in their cash Isa will receive interest of just 0.1pc" 2nd paragraph: "Those with /more than/ £18,000 will get just 0.31pc"

(italics mine)

What about those with balances /larger than/ £18,000?

And are these differences between £18,000 balances based on hair color or something? Where I was taught math, 18K was 18K whether you were blond or redheaded, short or tall, French or Chinese.

Also, is the Bank of England's base rate REALLY 0.5%? If so, "just 0.31%" isn't /that/ bad.

(Just checked. It /is/ 0.5%)

Also, I am assuming "pc" means "percent". I have never seen it written like that before. Do the British dislike the % sign or something?

Anyway...

Whatever gave you the idea that ANY business, let alone BANKS and INSURANCE companies (ever wonder why their buildings are the biggest and fanciest of all?) are working FOR you in the first place? Their objective is making money with the money they get /from/ you while bleeding you to death in every way possible. (Most of those ways ARE mentioned - if not actually explained, let alone justified - in the 10-page size 6 font document you /have/ to sign when you open an account.)

Should have thought of that before. I always found the "Building Society" a uniquely British (AFAIK) and fascinating concept.

Of course. They are your friends and try to make you feel good. He DID call you "sir", not "useless ignorant serf", after all.

Reply to
thanatoid

geoff wrote in news: snipped-for-privacy@demon.co.uk:

Huh? I don't think any of those 18K figures are typos. And the Telegraph SHOULDN'T have typos.

By now, thinking hurts too much.

Again, huh?

(Sorry, I can be VERY dense a lot of the time.)

pure HELL, but I did see it once a long time ago when there was nothing else on. I don't recall anything about savings interest rates ;-)

Still, at least that was a /film/ (objectionable ideology and endless Hollywood clichés aside), not mindless pap for the post- Atari generation.

Reply to
thanatoid

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