17-08-2010, 01:36 PM
11
Re: Interest Rates....
Originally Posted by merz
->
Went into the Building Society to have my pass book brought up to date with Interest earned from last year. It's a Cash ISA I have with them-not a fortune in the account, but its my money for any emergencies that may arise. Checked the amount of Interest given, which was next to nothing and decided to ring them to check what the Interest Rate was. The chap told me 0.01%
I know rates are low, but not that low. Anyway, in the same breath the chap said 'but we can given you 2.6%'
Asked why I couldn't have that previously, was told it was 'telephone based', meaning that you don't get that rate unless you ring them!!!!!!!No wonder their profits are high, and I still can't get my head around their reasoning........
17-08-2010, 06:24 PM
12
Re: Interest Rates....
I didn't realise that interest rates were poor in the United States as well Bobmielke. I know that the banks have had difficulties and their problems threatened to bankrupt them, which would mean that everyone would lose their money and savings, so that could not be allowed to happen and they were bailed out by our Government (which is us all really). I think it is different now and they are making profits again, so really I think they should be thinking about the savers and investors and giving a bit more to them. Is that too simple. Many people rely on their savings for an income and times have been very hard for a lot of people.
25-05-2011, 09:14 PM
14
Re: Interest Rates....
Originally Posted by galty
->
Nationwide are offering 3.75% for a 18 months fixed term ISA.There are still a lot of people only getting 0.5%.
It is easy to transfer your money, just dont take it out yourself
|
|
