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Re: negative interest rates

Posted: Wed Jun 03 2020 2:20pm
by BeautifulSunshine
kevinchess1 wrote:
Wed Jun 03 2020 1:41pm
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.

Re: negative interest rates

Posted: Thu Jun 04 2020 10:03am
by planteria
..every month one lucky 'investor' has to find a million to send them.

Re: negative interest rates

Posted: Thu Jun 04 2020 5:49pm
by BeautifulSunshine
planteria wrote:
Thu Jun 04 2020 10:03am
..every month one lucky 'investor' has to find a million to send them.
How times have changed.

Re: negative interest rates

Posted: Thu Jul 02 2020 12:13pm
by expressman33
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.

Re: negative interest rates

Posted: Thu Jul 02 2020 12:57pm
by BeautifulSunshine
At least they didn't take the interest rate below zero.

Re: negative interest rates

Posted: Thu Jul 02 2020 11:54pm
by planteria
i'm well out of TescoBank now.. the only connection is using a closed TescoBank debit card as a clubcard for fuel.

Re: negative interest rates

Posted: Fri Jul 03 2020 9:32am
by BeautifulSunshine
planteria wrote:
Thu Jul 02 2020 11:54pm
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

Re: negative interest rates

Posted: Fri Jul 03 2020 10:20am
by Richard Frost
AAAlphaThunder wrote:
Fri Jul 03 2020 9:32am
planteria wrote:
Thu Jul 02 2020 11:54pm
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.

Re: negative interest rates

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

Re: negative interest rates

Posted: Wed Sep 16 2020 8:05am
by BeautifulSunshine
Sarah wrote:
Wed Sep 16 2020 12:36am
New 1.2% easy access account with Skipton BS:
https://www.skipton.co.uk/savings/easy- ... onus-saver
Fine find Sarah.