Abbey Paying 0.01% Interest

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AtW replied

28 November 2009, 13:29
Originally posted by TheFaQQer View Post

Student Loans got cheaper this year for some borrowers, IIRC, since the rate of interest is governed by inflation and current interest rates.

Great.

This means is making less money from student loans and all taxpayers will have to pay for it.

Dimprawntastic.
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TheFaQQer replied

28 November 2009, 13:25
Originally posted by AtW View Post

They'd love to start charging negative interest (ie you pay), but the system was never designed for it and the cost of changing it would probably be astronomical or in other words close to bank bailout cost...

Student Loans got cheaper this year for some borrowers, IIRC, since the rate of interest is governed by inflation and current interest rates.
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AtW replied

28 November 2009, 13:23
They'd love to start charging negative interest (ie you pay), but the system was never designed for it and the cost of changing it would probably be astronomical or in other words close to bank bailout cost...
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Clippy replied

28 November 2009, 13:01
Originally posted by joey122 View Post

You have been warned!!

I have 20K in a business account and earnt a massive 1p interest this month

What do others do with their stash?

I give it to your mum to look after!
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OrangeHopper replied

28 November 2009, 12:58
Just opened the letter from Catter Allen. 0% on anything less than £100,000.
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minestrone replied

28 November 2009, 11:30
Lloyds changed one of my accounts from 2.7% to .1% and never informed me.
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DimPrawn replied

28 November 2009, 11:19
Originally posted by joey122 View Post

You have been warned!!

I have 20K in a business account and earnt a massive 1p interest this month

What do others do with their stash?

You'd think base rates were near zero and government are printing money wouldn't you?

What do you expect? Debtors are being saved at the expense of savers.
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eliquant replied

28 November 2009, 09:59
I got about £75k in my Limited Company Cater Allen and I know its real low interest rate.

Stop the press, I know I have a 'Reserve Account', looking it up apparently I get 0.0% interest !!!! check it out .....

http://www.caterallen.co.uk/Interest...10&whichrate=7

Its still a good free service though .. but I mean 0% !!!!!!! that's nothing ! FM Backwards !

Last edited by eliquant; 28 November 2009, 10:07.
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joey122 started a topic Abbey Paying 0.01% Interest

28 November 2009, 09:41
Abbey Paying 0.01% Interest

You have been warned!!

I have 20K in a business account and earnt a massive 1p interest this month

What do others do with their stash?
Tags: None