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Re: M&S Bank slashes interest rate on its regular savings account from 5% to just 2.75%
Posted: Thu Nov 21 2019 11:26am
by macliam
expressman33 wrote: ↑Thu Nov 21 2019 10:05am
macliam wrote: ↑Thu Nov 21 2019 9:38am
UK banks generally don't charge for a current account....
Years ago you could get interest on a current account. Most firms insist on paying wages into a bank account so if you get charged you should be able to insist on being paid in cash.
Years ago you got well-above-inflation interest on savings too.....
Years ago there were "free" cashpoints everywhere.....
Government intervention to "save" the banks has scuppered all that - now you're expected to thank the banks for "looking after" your money.
Re: M&S Bank slashes interest rate on its regular savings account from 5% to just 2.75%
Posted: Fri Apr 03 2020 3:21pm
by Sarah
macliam wrote: ↑Thu Nov 21 2019 11:26am
now you're expected to thank the banks for "looking after" your money
We're getting ever closer -- recently seeing notifications of savings account rates (e.g. First Direct Savings Account) dropping from terrible 0.10% to abominable 0.01% (a hundredth of a percent). Next step down... a thousandth of a percent or they start charging savings fees!?
In the meantime M&S Bank regular saver is
still paying a generous 2.75% today!
Re: M&S Bank slashes interest rate on its regular savings account from 5% to just 2.75%
Posted: Fri Apr 03 2020 5:46pm
by BeautifulSunshine
Sarah wrote: ↑Fri Apr 03 2020 3:21pm
macliam wrote: ↑Thu Nov 21 2019 11:26am
now you're expected to thank the banks for "looking after" your money
We're getting ever closer -- recently seeing notifications of savings account rates (e.g. First Direct Savings Account) dropping from terrible 0.10% to abominable 0.01% (a hundredth of a percent). Next step down... a thousandth of a percent or they start charging savings fees!?
In the meantime M&S Bank regular saver is
still paying a generous 2.75% today!
Reliable as ever M&S.
Re: M&S Bank slashes interest rate on its regular savings account from 5% to just 2.75%
Posted: Sat Apr 04 2020 8:56am
by planteria