Posted 5 March 2009

UK interest rates to fall further

Just a heads up, read this on the BBC new site-
Bank of England expected to cut interest rates to 0.5% from 1%. An announcement is expected at 1200 GMT on Thursday 5th March.

How low will they go???
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  2. deleted41894's avatar
    it's a sordid mess - i have no sympathy for bankers
  3. bykergrove's avatar
    oi kippy!

    my savings are making pocket money :-(
  4. deleted41894's avatar
    i know ... watch out for your silver they turn into coppers
    i need to sort out my finances in march - monthly resolution.
    ISAs, ship my salary and money out of Natwest (leave £10 in the account LOL). the cheeky bankers pretend to 'listen' to our needs and instead of actually sorting a simple problem out (eg raise credit limit), they send you a friggin response form to say if they had been helpful. yeah helpful in chatting but absolutely useless in their job.
  5. bykergrove's avatar
    kippy;4554129

    i know ... watch out for your silver they turn into coppersi need to sort … i know ... watch out for your silver they turn into coppersi need to sort out my finances in march - monthly resolution.ISAs, ship my salary and money out of Natwest (leave £10 in the account LOL). the cheeky bankers pretend to 'listen' to our needs and instead of actually sorting a simple problem out (eg raise credit limit), they send you a friggin response form to say if they had been helpful. yeah helpful in chatting but absolutely useless in their job.



    kips.. if you can weather the storm and want long term savings.. oil 5+ years probably treble your money
  6. deleted41894's avatar
    oil? or pharmaceutical?
    esp the ones that have NHS contracts ...

    i have savings over the years since i was a student and working part time, not too worried unless i cant work anymore or some disaster.
  7. bigflump's avatar
    Author
    scarey times, not good for savers
  8. bykergrove's avatar
    kippy;4554167

    oil? or pharmaceutical?esp the ones that have NHS contracts ...



    oil.

    I would be in there but i'm poised to catch the bottom of the property market... wish me luck :thumbsup:
  9. deleted41894's avatar
    damn you! i shd go to the property auctions and spot but i havent got the time or energy to pursue ...

    [IMG]i272.photobucket.com/alb…jpg?t=1236214918[/IMG]
    (internet image, not mine)
  10. Dejavu's avatar
    What the point of cutting rates if the thievi** arent going to pass it on?
  11. Adamski1964's avatar
    great news for some

    my mortgage rate will drop to 1.45% if so and long may it continue to fall
  12. Foxy102's avatar
    Well my tracker has gone down from nearly £700 to probably under £400 now, so it's not all bad :whistling:

    I am still paying £700 so a couple of years like this will knock years off my mortgage.

    Anyone on a tracker, just pay as much as you can off now, and it wil pay dividends.
  13. octobergirl's avatar
    Im with Barclays and on a tracker and they said they automatically leave it they way it is and if I want to change it I have to ring them and ask so I guess I will finish my mortgage earlier
  14. deleted117100's avatar
    My saving are earning buttons i be aswell spend the money
  15. deleted40804's avatar
    BlondeBella;4555014

    My saving are earning buttons i be aswell spend the money



    A lot of people will think that, and I guess the gov would love us all to spend spend spend again. BUT DONT! save it for a rainy day. It might be earning you sod all but at least youve still got it.
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