Interest rate going

[Posse]

Down another 1% did i here right?

[john_3.0s]

yup!

[Mk2Jo]

Doesn't affect me unfortunately I have no savings (none spare at the end of the month) and my mortgage is fixed for 2 years

[peranapete]

Yes down to 2%......lowest since 1952

 

Trouble is the To**ers dont pass it down !

[MexDan]

Yes mate it is.. down to 2% now, the lowest in 57 years

 

Great if you got a tracker mortgage, but shit for anyone who has savings as you now lose money in savings accounts.. as interest rates are now lower than inflation

[Posse]

I have fook all but i do have a tracker mortgage

[Daggle]

Don't know many ppl who can afford to have savings , I just want to hopefully have the rates at a half decent rate so that next year when I re-mortgage then I might get to think about gettin another OSF

[MexDan]

Bonus time for you then Posse... depending on how quick it comes you could have a bit of extra sponge in ur pocket for christmas.. you should be moved onto only paying 2% rather than your usual payments each month

 

[5hane]

what ?

 

so the money i just piut in my account will be slowly eatem by the bankman (Alng with gay paypal ) better spend it QUICK

[MexDan]

what ?

 

so the money i just piut in my account will be slowly eatem by the bankman (Alng with gay paypal ) better spend it QUICK

 

Yeah.. well it always happened on a current account (as the rate of interest they pay.. if any) is lower than inflation.. but now it applys to people with savings accounts.. some lucky old people live off there savings and have seen there "income" cut by over a half in less than 3 months!!

[john_3.0s]

if you do have any savings (other than ISAs or other high interest accounts) your best off wacking it on your mortgage esp if its a tracker