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Another Income Cut

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ProfilePosted byOptionsPost Date

RolloTheRed

RolloTheRed Report 3 Nov 2016 16:15

It is perfectly possible to get 4 to 5% pre-tax on savings with a little bit of effort. Not from the High Street though and slightly more risk.

UK mortgages are not funded by UK savings deposits. Most of the funding has been from non-UK sources something that will make some hard history if the £ tanks on brexit. I was quite relaxed about the chances of this until I heard BoJo claim that we are embarked on a voyage which will be Titanically successful. Hmm.

Researching:
The Man In the High Castle

Annx

Annx Report 3 Nov 2016 15:52

It annoys me that savers are taking the brunt. If it wasn't for savers they wouldn't have the money to lend out for mortgages at such low rates. Families that are well off enough to afford savings accounts for their children are benefiting from much higher rates on their children's accounts too. Now where's my old gymslip? :-)

Researching:
Staffordshire, Warwickshire

InspectorGreenPen

InspectorGreenPen Report 3 Nov 2016 12:58

You are lucky to get that. Most rates seem to be less than a half percent these days.

Bobtanian

Bobtanian Report 2 Nov 2016 22:42

Legal &..etc........ have been reducing for quite a few years now.....

I WAS getting 2% but not now...........

Researching:
me and my darling wife at our wedding in 1960

BrianW

BrianW Report 2 Nov 2016 22:39

Notification received today that L**ds will cut the interest rate on my Club acount will be cut from 4% to 2% in the new year.
I am really pis*ed off, the banks are taking savers for mugs.

Researching:
Sherwood (Kent); Jesson (London); Worboys (Herts)