- Location
- JanDeGrootLand
Yea but the Banks aint. or at least RBS aint.
Bank of England
- Thread starter nelly55
- Start date
Main banks are awash with money , anybody with a million in savings is probably getting about 1% interest and bank is getting 2.6% on the same million atm. There are some bonds paying 5% which isnt to be sniffed at.
- Location
- Northumberlandia
Very few of the longtime top 10 business banks offer any savings accounts worth looking at.
Infact several just take the preverbial big style.
- Location
- South Wales UK
Interest rates up again
- Location
- South Wales UK
Bank of England raises interest rates to new 14-year high | The Bank of England has increased interest rates again, bringing them to the highest point in 14 years. Full story: https://bit.ly/3V3ypNX | By WalesOnlineFacebook
The Bank of England has increased interest rates again, bringing them to the highest point in 14 years. Full story: https://bit.ly/3V3ypNX
fb.watch
And won’t have cost the fund managers anything.
Sure they will have had their bonuses!
Sure they will have had their bonuses!
Skintagain
Member
- Location
- Perched on the Pennines
Will the rate rise again in new year do we think?
Was reading a well known newspaper yesterday and apparently 30 trillion been wiped off worldwide stock markets last year. That’s some number.
Did they say that 30 trillion had been added first? Reality bites eventually.
Not sure but tech stocks were mentioned as losing the most, ftse being more oil and gas based less affected. Going on about days of cheap money being over.
Air being let out of the bubble that they’d inflated in the first place, that’s all. It needs a helluva lot more air letting out still.
Could well be. Said highly leveraged big companies could be in danger with interest rates. Surprise surprise. Think there could be some big casualties this next year or two.
Its Predicted too
henman
Member
- Location
- pembrockshire
10 year fixed house mortgage rates coming down 4.4% instead of 6%
I wonder if they have become harder to get though or the deposit is higher
Must be, that seems low to me going on current base
Martyn
Member
- Location
- South west
That would be bank margin plus base surely.
Base is 3.5, markets expect it to hit 4.25 but inflation has dropped more than expected so perhaps its more likely not to go above 4. It will be interesting to see where the economy is at the end of jan when xmas has been paid for.
AMC online calculator wants 3% margin ontop of the 3.5% boe base rate still.
Those that live on the overdraft are going to find it more and more expensive
AMC online calculator wants 3% margin ontop of the 3.5% boe base rate still.
Those that live on the overdraft are going to find it more and more expensive
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