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Old June 6th 09, 04:03 PM posted to 24hoursupport.helpdesk,uk.finance,uk.d-i-y
BigGirlsBlouse
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Posts: 112
Default without saying anything bank cuts interest rates on my savings


"john decker" wrote in message
...
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 ?

National savings have been doing that for months... till income bonds paid
next to nothing..and thats gross paid.
But this week I received a postal notification that their rates on income
bonds were rising!
....still to compensate at least Ill be paying less tax!... since the
government owns both NS and HMIR


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