inflating Posted February 24, 2012 Share Posted February 24, 2012 Wednesday's Daily Mail reported fixed bonds interest rates had fallen at Saga and some others, and this article seems to suggest rates will not rise much or at all due to the low base rate set by the central bank, the BofE and Mervyn King and his gang http://www.thisismoney.co.uk/money/saving/article-1678233/What-rates-savings-Isas-fixed-rate-bonds.html Is there any real chance of this smug lot laughing the other side of their face and having to put interest rates up soon, instead of watching as savers get mugged? Quote Link to comment Share on other sites More sharing options...
inflating Posted March 8, 2012 Author Share Posted March 8, 2012 As the mortgage rates for SVRs are increasing, fingers are crossed savings rates may rise. But won't hold our breath just yet Quote Link to comment Share on other sites More sharing options...
righttoleech Posted March 9, 2012 Share Posted March 9, 2012 Santander 2 year fixed rate ISA paying 4%.....(accepts transfers in). Looks good to me, though the terrible customer service reputation this bank had worries me a bit. Views anyone? Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted March 10, 2012 Share Posted March 10, 2012 Santander 2 year fixed rate ISA paying 4%.....(accepts transfers in). Looks good to me, though the terrible customer service reputation this bank had worries me a bit. Views anyone? There hasn't been anything as attractive as that for a long time. I like to think it's a sign that normal savings rates will be above 4% well before this ISA matures. Quote Link to comment Share on other sites More sharing options...
inflating Posted March 13, 2012 Author Share Posted March 13, 2012 There hasn't been anything as attractive as that for a long time. I like to think it's a sign that normal savings rates will be above 4% well before this ISA matures. As Santander has just issued Esaver 5 and the rates are lower than Issue 4, I think my pessimism has been correct http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&cid=1237848019094&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateW2 Quote Link to comment Share on other sites More sharing options...
inflating Posted March 25, 2012 Author Share Posted March 25, 2012 Forecasters now saying MPC won't raise rates for 2 more years, this is slightly earlier than the former forecast http://www.thisismoney.co.uk/money/news/article-1607881/Interest-rates-News-predictions.html This of course is not good news for savers, seems little or no progress on any improved rates for us It's grim grim grim and inflation is still high, just climbing at a slower rate (officially). With petrol at a record price, we're being shafted Quote Link to comment Share on other sites More sharing options...
davidg Posted March 25, 2012 Share Posted March 25, 2012 It's grim grim grim and inflation is still high, just climbing at a slower rate (officially). With petrol at a record price, we're being shafted Just got a nationwide eBond to renew, the interest rate for 12 months has dropped from 3% to 2.7%. Grim indeed. This despite them hiking mortgage rates. It is enough to make you buy a BTL, or a Porche. Quote Link to comment Share on other sites More sharing options...
inflating Posted March 26, 2012 Author Share Posted March 26, 2012 Just got a nationwide eBond to renew, the interest rate for 12 months has dropped from 3% to 2.7%. Grim indeed. This despite them hiking mortgage rates. It is enough to make you buy a BTL, or a Porche. Yes, the excitement on HPC a few weeks ago when the SVR loans went up was premature, as I feared it would be Going to need another trigger - King has recently told the banks to raise capital IIRC, we'll see if this makes them increase IRs to savers. So far, all I see are drops, even Santander dropped their newest issue Esaver rate Quote Link to comment Share on other sites More sharing options...
davidg Posted March 26, 2012 Share Posted March 26, 2012 Yes, the excitement on HPC a few weeks ago when the SVR loans went up was premature, as I feared it would be To use the kind of language used by journalists Nationwide have decreased savings rates by a whopping 10%. For every pound of interest you earned last year, you'll only get 90 pence in your pocket today. Quote Link to comment Share on other sites More sharing options...
inflating Posted April 4, 2012 Author Share Posted April 4, 2012 I'm just waiting to see if the savings accounts start to increase their interest rates next week after the new tax year commences What do I think of the savings rates so far? Rubbish Quote Link to comment Share on other sites More sharing options...
davidg Posted April 4, 2012 Share Posted April 4, 2012 I'm just waiting to see if the savings accounts start to increase their interest rates next week after the new tax year commences What do I think of the savings rates so far? Rubbish The current situation currently amounts to a wealth tax on any UK savers of around 2-3%. Quote Link to comment Share on other sites More sharing options...
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