On Sun, 7 Jun 2009 14:26:50 UTC, "HEMI-Powered" wrote:

Invisible Man added these comments in the current discussion du
jour ...

Hidden in the conditions most banks etc tell you how they will
advise you of interest rate changes and when.
For some changes are poorly advertised and often notification is
some time after the change.
I check rates for my accounts monthly. Eg. Egg have recently
lost one of my cash ISAs ISA having issued a new account at 2.5%
and cut the rate on my slightly older account to 1.55%

Exactly. Usually, they have a pretty brochure with the big numbers in
it but you have to ASK to see the "fine print". It is almost NEVER
the case that a bank will volunteer some draconian measures.

Sigh. Uneducated Americans.

Look. Read carefully, move your lips at the same time if it helps.

NOTHING to do with the contract. UK regulations forbid changes like this
if the customer is not informed.

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On Jun 7, 3:25*pm, "HEMI-Powered" wrote:

I simply can't believe that ANY bank would even be offering 4% on
whatever an ISA is these days,

All the more for us that have the sense to know where to look.

0.1% is much more like the going
rate on ordinary savings accounts.

Not difficult to find a lot better than that for instant access
accounts.

It is ONLY CDs that pay more,
and to get into the 4% range, one must either buy a really risky CD
backed by a municipality

Rubbish.

or some company

Rubbish.

OR it is a teaser rate and
will drop drastically after a short time.

Maybe, still worth having. I still have money locked in at 7% with a
good few months to go before I have to find a new home for it.

Being stupid WILL cost you money, friends.

You are a (sub)prime example of that!

MBQ

I agree with you mate. He didn't have to sound or seem too greedy about it. There is a better way of explaining it.

In article ,
"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 ?


It's a bank. Get over it.

"Walter Bushell" wrote in message
news
In article ,
"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 ?


It's a bank. Get over it.

and you probably pet the dog thats ****ing on your shoe.

C.D pinched out a steaming pile
er.com:


"Walter Bushell" wrote in message
news
In article ,
"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
?


It's a bank. Get over it.

and you probably pet the dog thats ****ing on your shoe.

If a bank changes charges, interest rates, etc that affect your
ballance in *any* negative way: dump them.

Vote with your feet. They see you as a number, a commodity to be used
to their advantage. Don't see them as your "friends".

FYI
HTH


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"john decker" wrote in
:

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.

While I do not live in the UK and find the above a little hard
to believe (I am not saying it's not true, just that ANY bank
cutting rates by 97.5% (if my math is correct which it may well
not be) is a little hard to believe.

Quote from
http://www.telegraph.co.uk/finance/p.../savings/54307
82/Barclays-cuts-cash-Isa-rates.html:

"Barclays has cut rates on its Cash Isa so that savers with
balances of over £18,000 in their cash Isa will receive interest
of just 0.1pc - a fifth of the Bank of England's base rate -
following a rate cut from Barclays. Customers with balances
below this level had already seen the rate cut to 0.1pc.

Those with more than £18,000 will get just 0.31pc."

I find the math in the above statement more than a little
confusing.

1st paragraph:
"savers with balances of /over/ £18,000 in their cash Isa will
receive interest of just 0.1pc"

2nd paragraph:
"Those with /more than/ £18,000 will get just 0.31pc"

(italics mine)

What about those with balances /larger than/ £18,000?

And are these differences between £18,000 balances based on hair
color or something? Where I was taught math, 18K was 18K whether
you were blond or redheaded, short or tall, French or Chinese.

Also, is the Bank of England's base rate REALLY 0.5%? If so,
"just 0.31%" isn't /that/ bad.

(Just checked. It /is/ 0.5%)

Also, I am assuming "pc" means "percent". I have never seen it
written like that before. Do the British dislike the % sign or
something?

Anyway...

Whatever gave you the idea that ANY business, let alone BANKS
and INSURANCE companies (ever wonder why their buildings are the
biggest and fanciest of all?) are working FOR you in the first
place? Their objective is making money with the money they get
/from/ you while bleeding you to death in every way possible.
(Most of those ways ARE mentioned - if not actually explained,
let alone justified - in the 10-page size 6 font document you
/have/ to sign when you open an account.)

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.

Should have thought of that before. I always found the "Building
Society" a uniquely British (AFAIK) and fascinating concept.

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 ?

Of course. They are your friends and try to make you feel good.
He DID call you "sir", not "useless ignorant serf", after all.


--
Lots of theoretical butchers are alleged and other bloody eyes
are suitable, but will Pam secure that?

In message , thanatoid
writes
"john decker" wrote in
:

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.

While I do not live in the UK and find the above a little hard
to believe (I am not saying it's not true, just that ANY bank
cutting rates by 97.5% (if my math is correct which it may well
not be) is a little hard to believe.

No they're ****s like the rest of them

Quote from
http://www.telegraph.co.uk/finance/p.../savings/54307
82/Barclays-cuts-cash-Isa-rates.html:

"Barclays has cut rates on its Cash Isa so that savers with
balances of over £18,000 in their cash Isa will receive interest
of just 0.1pc - a fifth of the Bank of England's base rate -
following a rate cut from Barclays. Customers with balances
below this level had already seen the rate cut to 0.1pc.

Those with more than £18,000 will get just 0.31pc."

I find the math in the above statement more than a little
confusing.

1st paragraph:
"savers with balances of /over/ £18,000 in their cash Isa will
receive interest of just 0.1pc"

2nd paragraph:
"Those with /more than/ £18,000 will get just 0.31pc"

(italics mine)

What about those with balances /larger than/ £18,000?

And are these differences between £18,000 balances based on hair
color or something? Where I was taught math, 18K was 18K whether
you were blond or redheaded, short or tall, French or Chinese.


Septics - easily confused by typos


Also, is the Bank of England's base rate REALLY 0.5%? If so,
"just 0.31%" isn't /that/ bad.

(Just checked. It /is/ 0.5%)

Also, I am assuming "pc" means "percent". I have never seen it
written like that before. Do the British dislike the % sign or
something?

There are several reasons why this could be, if you think about it


Anyway...

Whatever gave you the idea that ANY business, let alone BANKS
and INSURANCE companies (ever wonder why their buildings are the
biggest and fanciest of all?) are working FOR you in the first
place? Their objective is making money with the money they get
/from/ you while bleeding you to death in every way possible.
(Most of those ways ARE mentioned - if not actually explained,
let alone justified - in the 10-page size 6 font document you
/have/ to sign when you open an account.)

Aha - you're a sub-primer, I take it them


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.

Should have thought of that before. I always found the "Building
Society" a uniquely British (AFAIK) and fascinating concept.

Never seen "A wonderful life" then ?

http://www.imdb.com/title/tt0038650/plotsummary


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 ?

Of course. They are your friends and try to make you feel good.
He DID call you "sir", not "useless ignorant serf", after all.



--
bumsnase

geoff wrote in
:

In message ,
thanatoid writes

SNIP

I find the math in the above statement more than a little
confusing.

1st paragraph:
"savers with balances of /over/ £18,000 in their cash Isa
will receive interest of just 0.1pc"

2nd paragraph:
"Those with /more than/ £18,000 will get just 0.31pc"

(italics mine)

What about those with balances /larger than/ £18,000?

And are these differences between £18,000 balances based on
hair color or something? Where I was taught math, 18K was
18K whether you were blond or redheaded, short or tall,
French or Chinese.


Septics - easily confused by typos

Huh? I don't think any of those 18K figures are typos. And the
Telegraph SHOULDN'T have typos.

Also, I am assuming "pc" means "percent". I have never seen
it written like that before. Do the British dislike the %
sign or something?

There are several reasons why this could be, if you think
about it

By now, thinking hurts too much.


Anyway...

Whatever gave you the idea that ANY business, let alone
BANKS and INSURANCE companies (ever wonder why their
buildings are the biggest and fanciest of all?) are working
FOR you in the first place? Their objective is making money
with the money they get /from/ you while bleeding you to
death in every way possible. (Most of those ways ARE
mentioned - if not actually explained, let alone justified
- in the 10-page size 6 font document you /have/ to sign
when you open an account.)

Aha - you're a sub-primer, I take it them

Again, huh?

(Sorry, I can be VERY dense a lot of the time.)

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.

Should have thought of that before. I always found the
"Building Society" a uniquely British (AFAIK) and
fascinating concept.

Never seen "A wonderful life" then ?

http://www.imdb.com/title/tt0038650/plotsummary

Never had much interest since I happen to believe life to be
pure HELL, but I did see it once a long time ago when there was
nothing else on. I don't recall anything about savings interest
rates ;-)

Still, at least that was a /film/ (objectionable ideology and
endless Hollywood clichés aside), not mindless pap for the post-
Atari generation.

SNIP


--
Lots of theoretical butchers are alleged and other bloody eyes
are suitable, but will Pam secure that?