Jump to content
House Price Crash Forum
Sign in to follow this  
FrozenOut

Emailed First Direct About Savings Rates

Recommended Posts

Thank you for your reply,

Is there a particular reason why you need to "review" savings rates but are able to increase mortgage fees with immediate effect?

With respect this doesn't look good from the customers point of view at all.

Regards

FrozenOut

________________________________________

06/Aug/2006 03:33

To: Frozen Out

Re: Rate changes

Thank you for your message dated 05-Aug -2006.

First directs base rate changed as from the 03-Aug-2006 and as effected our Mortgage products. All other interest rates including Savings are currently under review.

Details of any changes will be communicated as soon as possible.

Please contact us if you require anything further.

Regards

Customer Services

Share this post


Link to post
Share on other sites

Thank you for your reply,

Is there a particular reason why you need to "review" savings rates but are able to increase mortgage fees with immediate effect?

With respect this doesn't look good from the customers point of view at all.

Regards

FrozenOut

________________________________________

06/Aug/2006 03:33

To: Frozen Out

Re: Rate changes

Thank you for your message dated 05-Aug -2006.

First directs base rate changed as from the 03-Aug-2006 and as effected our Mortgage products. All other interest rates including Savings are currently under review.

Details of any changes will be communicated as soon as possible.

Please contact us if you require anything further.

Regards

Customer Services

A very bad messege to savers. Basically those 'in the black' are 2nd rate customers, not worthy of instant service and reward. It really sucks. Just re-enforces the love of the debt culture and those who feed it.

AFP

Share this post


Link to post
Share on other sites

HSBC which owns 1st Direct has recently announced half year pretax profits of £12.5 billion.

You would have thought the Banks would start climbing over each other to look after the savers (what left of them!), as with all this talk about bad debts and the possibility of them lending less in the future, you would think the needs to have 'real cash' as reserves for use would become of more important to the banking industry.

Plus theres a lot of talk about irresponsible lending, and so any bank that starts to encourage savers is likely to reduce the damage done (in terms of bad headlines anyway) if the banking industry does become the scapegoat of any downturn.

AFP

Share this post


Link to post
Share on other sites
Guest The_Oldie

YBS have added this note to their Internet Saver rates page. Currently 4.7%, so they're keeping 0.1% back.

The annual interest rate on our Internet Saver account will be increased to 4.85% gross (3.88% net) before 31st August 2006. The monthly rate will increase to 4.75% gross (3.80% net). These rate increases will apply to all existing 'Internet Saver' account holders and all new applications.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.