Earplug Posted December 6, 2007 Share Posted December 6, 2007 http://www.halifax.co.uk/savings/personalr..._rate_web_saver 3 month fixed at 6.85% from tomorrow, been at 6.75% last two weeks. Someone is very cash hungry given rates fell today ! I hope its a mistake. Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted December 6, 2007 Share Posted December 6, 2007 http://www.halifax.co.uk/savings/personalr..._rate_web_saver3 month fixed at 6.85% from tomorrow, been at 6.75% last two weeks. Someone is very cash hungry given rates fell today ! I hope its a mistake. I don`t, the others will compete. UK annual rates from 7th December 20073 months 6.85% Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted December 6, 2007 Share Posted December 6, 2007 I don`t. Its not. Quote Link to comment Share on other sites More sharing options...
Earplug Posted December 6, 2007 Author Share Posted December 6, 2007 Not sure where 3m LIBOR fixed today but probably about 6.70%, i.e. 95bps over base. So HBOS were paying 5bp over 3 month LIBOR this morning to depositers. BofE will hope that 3m LIBOR fixes no worse than 6.55% tomorrow so at this rate HBOS will be paying 30bp for 3month money - hell I think their 5 year CDS is around 60bp - this market is so tight. Anyone have an update on their conduit ? Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted December 6, 2007 Share Posted December 6, 2007 My conduit says there is a shortage of cash, and that means its more expensive Quote Link to comment Share on other sites More sharing options...
Earplug Posted December 6, 2007 Author Share Posted December 6, 2007 http://ftalphaville.ft.com/blog/2007/08/21...er-this-squall/ above from August Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted December 6, 2007 Share Posted December 6, 2007 My conduit says there is a shortage of cash, and that means its more expensive As Rex Harrison sang, by jove you`ve got it. Quote Link to comment Share on other sites More sharing options...
Panda Posted December 7, 2007 Share Posted December 7, 2007 http://online.newcastle.co.uk/online/newcastlenet_v7.html Looking a little tempting? Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted December 7, 2007 Share Posted December 7, 2007 I'm looking for 8-10% to stop me sending my money abroad. I've had enough. If the lemming lenders want to use my money to carry on pumping this pig up they are going to have to pay for it and I'm not willing to be reliant on sterling holding savings safe if the BOE are going to drop the rates in the face of obvious inflation. The game is up regarding securitisation, that route is knackered, the lenders have pushed it so far, ditched so much trash overboard into those packages that nobody (intheir right might) is going to buy up parcels of this crap unless the premium is worth it. You reap what you sow, this one is going to be a very barren harvest for lenders, they spent the growing season having a piss up and now they are left with nothing. Quote Link to comment Share on other sites More sharing options...
tara747 Posted December 7, 2007 Share Posted December 7, 2007 http://www.halifax.co.uk/savings/personalr..._rate_web_saver3 month fixed at 6.85% from tomorrow, been at 6.75% last two weeks. Someone is very cash hungry given rates fell today ! I hope its a mistake. Excellent. Banks can't cut saving IRs, they need the money! Quote Link to comment Share on other sites More sharing options...
ImA20SomethingGetMeOutOfHere Posted December 7, 2007 Share Posted December 7, 2007 I'm looking for 8-10% to stop me sending my money abroad.I've had enough. If the lemming lenders want to use my money to carry on pumping this pig up they are going to have to pay for it and I'm not willing to be reliant on sterling holding savings safe if the BOE are going to drop the rates in the face of obvious inflation. The game is up regarding securitisation, that route is knackered, the lenders have pushed it so far, ditched so much trash overboard into those packages that nobody (intheir right might) is going to buy up parcels of this crap unless the premium is worth it. You reap what you sow, this one is going to be a very barren harvest for lenders, they spent the growing season having a piss up and now they are left with nothing. Quite. Of course, hardly any b*gger has actually got any money to save these days so if banks have to go back to lending based on deposits then they're stuffed. Quote Link to comment Share on other sites More sharing options...
lufc Posted December 7, 2007 Share Posted December 7, 2007 Sounds like a good deal for 3 months ... anyone got any ideas as to how secure the Halifax is compared to the other banks ??? Quote Link to comment Share on other sites More sharing options...
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