without saying anything bank cuts interest rates on my savings
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 ?
Barclays do that every year. They have good rates during the ISA season of
March - May, and rubbish rates the rest of the year. Halifax, RBS/Natwest
and a few others are also good at that.
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