negative interest rates

Money, investing, mutuals etc
AAAlphaThunder
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Re: negative interest rates

Post by AAAlphaThunder » Wed Jun 03, 2020 2:20 pm

kevinchess1 wrote:
Wed Jun 03, 2020 1:41 pm
Another question will be What happens to Premium bond prizes with a negative rate?
Will we be sending them money?
I'm sure they would be open to the proposition.
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planteria
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Re: negative interest rates

Post by planteria » Thu Jun 04, 2020 10:03 am

..every month one lucky 'investor' has to find a million to send them.
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AAAlphaThunder
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Re: negative interest rates

Post by AAAlphaThunder » Thu Jun 04, 2020 5:49 pm

planteria wrote:
Thu Jun 04, 2020 10:03 am
..every month one lucky 'investor' has to find a million to send them.
How times have changed.
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expressman33
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Re: negative interest rates

Post by expressman33 » Thu Jul 02, 2020 12:13 pm

Email just received from Tesco Bank
We’re making some changes to your Tesco Bank Current Account agreement which will take effect from 22 September 2020, or two months after receiving this notice, whichever is later. You don’t need to do anything, we’re just writing to let you know. For full details click the following link, tescobank.com/ca-nov.

We recommend that you print, save or download a copy of the “Changes to our Agreement” for future reference. You can also find your full Terms & conditions and Rates & fees at tescobank.com/ca-terms.

The interest rate on your current account is changing

During March 2020 the Bank of England decreased base rates from 0.75% to their lowest ever level of 0.10%.

Given this significant change to the base rate we’ve reviewed our current account interest rate and made the decision to reduce this to 0%. This means from 22 September 2020 you won’t earn interest. You’ll still earn your current rate of 1% AER on eligible balances up to £3,000 until then.
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AAAlphaThunder
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Re: negative interest rates

Post by AAAlphaThunder » Thu Jul 02, 2020 12:57 pm

At least they didn't take the interest rate below zero.
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planteria
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Re: negative interest rates

Post by planteria » Thu Jul 02, 2020 11:54 pm

i'm well out of TescoBank now.. the only connection is using a closed TescoBank debit card as a clubcard for fuel.

AAAlphaThunder
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Re: negative interest rates

Post by AAAlphaThunder » Fri Jul 03, 2020 9:32 am

planteria wrote:
Thu Jul 02, 2020 11:54 pm
i'm well out of TescoBank now.. the only connection is using a closed TescoBank debit card as a clubcard for fuel.
Every Little Helps
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Richard Frost
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Re: negative interest rates

Post by Richard Frost » Fri Jul 03, 2020 10:20 am

AAAlphaThunder wrote:
Fri Jul 03, 2020 9:32 am
planteria wrote:
Thu Jul 02, 2020 11:54 pm
i'm well out of TescoBank now.. the only connection is using a closed TescoBank debit card as a clubcard for fuel.
Every Little Helps
Off topic.

Sarah
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Re: negative interest rates

Post by Sarah » Wed Sep 16, 2020 12:36 am

New 1.2% easy access account with Skipton BS:
https://www.skipton.co.uk/savings/easy- ... onus-saver

AAAlphaThunder
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Re: negative interest rates

Post by AAAlphaThunder » Wed Sep 16, 2020 8:05 am

Sarah wrote:
Wed Sep 16, 2020 12:36 am
New 1.2% easy access account with Skipton BS:
https://www.skipton.co.uk/savings/easy- ... onus-saver
Fine find Sarah.
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