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 ?

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 ?

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

Centre Parting added these comments in the current discussion du
jour ...

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.

Not sure, but the OP's comments smack of those of a Socialist who
believes that the government owes them cradle-to-grade benefits
including income, "free" healthcare, and plesant events such as
guaranteed high interest on their money. A prime example of this
warped thinking is the nonsense that flows from Aardvark's fingers.
He really does think that a) healthcare is entirely free and b) his
gubmint actually OWES him a living. Neither is true. Those who
produce in an economy and pay taxes are the ones that always have
to pay for the lazy and the stupid, who simply draw on benefits
without contributing.

In about any country you want to investigate, the top 5% of wage
earners usually pay 95% or more of the ENTIRE government's budget.
In pathological cases, as in New York City, of a population of over
8 million, only 48,000 pay something like 97% of the taxes! Talk
about unfair!

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 ?






--
Jerry, aka HP

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

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.

HEMI-Powered wrote:

.....
Not sure, but the OP's comments smack of those of a Socialist who
believes that the government owes them cradle-to-grade benefits
including income, "free" healthcare, and plesant events such as
guaranteed high interest on their money. A prime example of this
warped thinking is the nonsense that flows from Aardvark's fingers.

Didn't see him talking about free (as in beer) healthcare or other regulated
benefits. Sure enough, we have to pay taxes or social insurance.
The only difference may be, the taxes /insurance rates do depend upon income
here. One might argue that it's a raw deal for these who pay more taxes,
because they usually don't benefit that more. But then, that's the principle
of any (private or public) insurance.

He really does think that a) healthcare is entirely free and b) his
gubmint actually OWES him a living. Neither is true. Those who
produce in an economy and pay taxes are the ones that always have
to pay for the lazy and the stupid, who simply draw on benefits
without contributing.

You appear to be the old fart almost creeping up the stairs each early
morning distributing newspapers at age 80 just because you lost everything
when your private insurance company invested in foul stocks and went bust?
Your fault. Only yours. You ought have saved the nickels under your pillow
instead.
At least you say that.
The private insurance may give you a cheap deal, but it isn't backed up.
Therein lies the difference.

In about any country you want to investigate, the top 5% of wage
earners usually pay 95% or more of the ENTIRE government's budget.
In pathological cases, as in New York City, of a population of over
8 million, only 48,000 pay something like 97% of the taxes! Talk
about unfair!

That may be true for *wages* not revenues, and also it is not true for
social security contributions.

"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

"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

We were somewhere around Barstow, on the edge of the desert, when the
drugs began to take hold. I remember "HEMI-Powered"
saying something like:

Not sure, but the OP's comments smack of those of a Socialist who
believes that the government owes them cradle-to-grade benefits
including income, "free" healthcare, and plesant events such as
guaranteed high interest on their money.

**** off, you nasty right-wing piece of ****.

"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 ?

You should have pointed the patronising git at the banking code, which Barclays
are signed up to:

http://www.bankingcode.org.uk/pdfdoc..._CODE_2008.PDF

See section 4.8. Clearly they did drop their interest rate significantly wrt the
BOE rate, and so should have told you. Unless you have less than £250 in the
account. Send them a complaint:

http://ask.barclays.co.uk/help/day2d...g/banking_code

--
Andy