0% interest

[expat]

If you can miss your money for 5 years, put your savings in Rabobank at 4.5% in euros; if there’s deflation you’ll do quite nicely. It’s also possibly the safest bank in the world, with almost no exposure to US mortgage tuliptyness, no shareholders (it’s a cooperative owned by it's account holders) and it’s guaranteed by the Dutch state, which, unlike Gordon’s bunch of fools, still has a very good credit rating.

www.rabobank.com

ps, no I don’t work for them but I do bank with them; if you’re genuinely concerned then they’re a trustworthy bunch.

I bet loads of people here have contracted with them....

[Mich the Tester]

I bet loads of people here have contracted with them....

Quite a few, yes. They're hiring too.

[expat]

Quite a few, yes. They're hiring too.

Well, I left a contract there recently, so they'll be looking for at least 2 people

[expat]

If you can miss your money for 5 years, put your savings in Rabobank at 4.5% in euros; if there’s deflation you’ll do quite nicely. It’s also possibly the safest bank in the world, with almost no exposure to US mortgage tuliptyness, no shareholders (it’s a cooperative owned by it's account holders) and it’s guaranteed by the Dutch state, which, unlike Gordon’s bunch of fools, still has a very good credit rating.

www.rabobank.com

ps, no I don’t work for them but I do bank with them; if you’re genuinely concerned then they’re a trustworthy bunch.

Don't seem to be able to find an offering for those living in the UK.....

[SallyAnne]

No Bank will offer 0% mortgages or 0.5% for that matter. Many aren't even passing on the latest 1 % cut because they want to recapitalise

They have to as this thread implied it and now I'm excited!!

[expat]

No Bank will offer 0% mortgages or 0.5% for that matter. Many aren't even passing on the latest 1 % cut because they want to recapitalise

That's for sure. I'm on a discounted SVR mortgage with Standard Life. They are passing on about 1.5% of the 5% from recent cuts.

[Iron Condor]

They have to as this thread implied it and now I'm excited!!

I thought you had a base rate tracker like me.

The Banks has to cut my rate down to 0.5%, if rates got to 0%, as there is no collar in my mortage T&C.

Some people have shorter term 'base rate - x%' mortgages. They will be paying 0% as rates cant go negative, although there was an article in the daily mail recently that some mortgage holders could try sueing the banks for a negative interest rate!

[Doggy Styles]

No Bank will offer 0% mortgages or 0.5% for that matter. Many aren't even passing on the latest 1 % cut because they want to recapitalise

must

WHS. If Brown makes them pass it on to house-buyers we really are fooked. Savers will go elsewhere, and there's less money coming in from borrowers' interest.

[SallyAnne]

I thought you had a base rate tracker like me.

Nope - interest only mortgage for me.

[Iron Condor]

Nope - interest only mortgage for me.

Mine is interest only too.

But how your interest rate determined?

Is it fixed, standard variable, tracker, discount etc??