swee'pea99
Squire
It's plummeted! Every £1000 I have in my savings account will now earn me, every year, a massive....10p!
OMG they cut my interest rate!
- Thread starter swee'pea99
- Start date
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It's plummeted! Every £1000 I have in my savings account will now earn me, every year, a massive....10p!
DCLane
Found in the Yorkshire hills ...
- Location
- Dewsbury, West Yorkshire
Everyone's is dropping - mine's the same. I don't have £1 million in the bank though 
It's part of incentivising us to spend, not save.
It's part of incentivising us to spend, not save.
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Beebo
Firm and Fruity
- Location
- Hexleybeef
What were you spending the £1.90 on previously.
figbat
Slippery scientist
- Location
- South Oxfordshire, UK
Is this a current or savings account? The interest rate on my savings account has just dropped from 1.2% to 1.05% AER, applicable to any investment amount up to £250k. Easy access, no fees, daily interest. Marcus, by Goldman Sachs.
Brandane
Legendary Member
- Location
- Costa Clyde
I'm glad I haven't won £1,000,000 on the lottery. I wouldn't be able to live on the interest any more 
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Bonefish Blues
Banging donk
- Location
- 52 Festive Road
I'm just about to move my money because of similar. If you want my p1ss ask me directly Santander...
srw
It's a bit more complicated than that...
Not really. Banks would be delighted to hang on to your money so that can do something useful with it. It's more about protecting the economy by making money as cheap as possible to get hold of.
ColinJ
Puzzle game procrastinator!
- Location
- Todmorden - Yorks/Lancs border
Buy Premium Bonds for an average of a 1.4% return! (I read somewhere that it might be getting reduced to 1.3%, but that is still a lot better than most bank account rates.)
Brandane
Legendary Member
- Location
- Costa Clyde
ColinJ
Puzzle game procrastinator!
- Location
- Todmorden - Yorks/Lancs border
True, but spouses and sprogs could also have £50k holdings too. Provided you trust them, of course...No use to @swee'pea99 though; there's a £50k limit on how many premium bonds you can buy
Drago
Legendary Member
- Location
- Suburban Poshshire
That's why I play the market just a little. The returns aren't huge as I only started out with a bag of sand, but they're still more than my entire 6 figure savings pay in interest.
OP
OP
swee'pea99
Squire
Like I have £1000. You funny.
neil_merseyside
Guru
- Location
- Wirral
On average they pay that, so you need luck, but for some others they get nowt - please make sure you only recruit losers - as I don't want to share
Electric_Andy
Heavy Metal Fan
- Location
- Plymouth
I put £500 in premium bonds for my son 2 years ago, not seen a penny yet
