Just tried to shred some old paper trails and found an old savings book with
a balance of £1100.00.
Is there somewhere a way of computing the value without loading 300 odd Bank
of England base rate changes since 1981? ( My wife can't remember
squirreling the money away, but I am just curious as to todates value!)
Naturally, I am also pleased to save this document from the shredder :-)
Fred

fred2 wrote:

Just tried to shred some old paper trails and found an old savings book
with a balance of £1100.00.
Is there somewhere a way of computing the value without loading 300 odd
Bank of England base rate changes since 1981? ( My wife can't remember
squirreling the money away, but I am just curious as to todates value!)
Naturally, I am also pleased to save this document from the shredder :-)
Fred

Surely you must be aware of the trick which banks have been using in
recent decades. They operate dozens of different "type" of savings
account, and go throught cycles of making them obsolete and replacing
them with fancy new ones.

The new ones pay moderately acceptable rates of interest, while the
rates on the obsolete ones get smaller and smaller.

You're sure to find that the old savings account to which the book
is tied will have had its interest rate reduced to well below 1%
by the mid 80s. I'd be surprised if the account was now worth more
than £1500. Or was it guaranteed to track the BoE base rate forever?

Pretty hard to think that even though it is your personal money that you put in the bank, then you got so busy and forget to make movements from your account, they will close you and then what? The money stays with the bank?? Cmon!