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Old June 6th 09, 12:49 PM posted to 24hoursupport.helpdesk,uk.finance,uk.d-i-y
Centre Parting
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Posts: 1
Default without saying anything bank cuts interest rates on my savings

Well, he's right. It IS a variable rate - just like a variable rate
mortgage.
You're happy to profit from your investment while the market's high - but
now it's fallen, you're blubbing like a baby.

Greed whatever they might tell you, is not good.

Hehe.

john decker wrote:
I heard on the radio early thursday morning that Barclays Bank have
cut their interest rates on their ISA's from about 4.0% to 0.1% without
telling anyone.

Luckily its painless to get some forms from the Building Society next
door and they do all the work transferring the account and are paying
thirty times as
much interest.

When I went into Barclays and complained about changing the interest
rates without telling anyone. He said with a smirk on his face; "
It's a variable rate, sir ". Do they teach them to reply with
answers like that ?



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