john decker added these comments in the current discussion du jour
....

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 ?

Barclays? Is that a UK bank? If yes, then you'll have to talk to your
government to see if that's OK. But, absent specific laws to prevent
banks from raising credit card interest or lowering interest on
savings accounts, they can do as they damn well please. Doesn't that
sound logical to me? I mean, it is their business to run as they see
fit and global interest rates have been steadily dropping as
governments try to stimulate the economy.

But 30X the interest at Barclays? Doesn't sound right to me. Maybe
you should fire them and go to the other bank.

--
Jerry, aka HP

"If you are out of work and hungry, eat an environmentalist" -
Florida billboard