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Re: negative interest rates
Posted: Fri Jun 11 2021 10:50am
by Chadwick
Virgin Money wrote:This account is only available to users of the Virgin Money Home Buying Coach app.
Re: negative interest rates
Posted: Fri Jun 11 2021 12:30pm
by parchedpeas
The app is not required to operate the account and no checks are done when you register.
It's not compatible with a ton of Android phones, either.
Re: negative interest rates
Posted: Wed Jun 16 2021 9:46am
by tonyg
Finally got this account up and running due to not having a 7 digit Customer ID on my virgin account so opened a new account but made error on application.
Re: negative interest rates
Posted: Thu Dec 02 2021 10:34am
by Sarah
Re: negative interest rates
Posted: Thu Dec 16 2021 11:51pm
by Sarah
BoE base rate increased to 0.25% in response to calls to tackle surging price rises:
https://www.bbc.co.uk/news/business-59682521
Re: negative interest rates
Posted: Thu Dec 30 2021 1:40pm
by planteria
has this been reflected in Savings Accounts with banks and building societies?
i'm not doing any regular saving into Regular Saver cash accounts nowadays, just regular payments into Friendly Societies, and some regular payments into instant access Building Society accounts that were set up primarily to satisfy current account criteria. fwiw i do find that by being forgotten about those balances can creep up to become useful sums of money.
nowadays i'm only really Investing, and 'Saving' into Bitcoin-based accounts. i'm not expecting cash savings to become worthwhile again for the foreseeable future.
Re: negative interest rates
Posted: Thu Dec 30 2021 6:27pm
by Sarah
planteria wrote: ↑Thu Dec 30 2021 1:40pm
has this been reflected in Savings Accounts with banks and building societies?
Not much happening yet, as far as I'm aware, but it's only a 0.15% change and likely going to impact borrowers more dramatically, e.g. linked rates moving up accordingly & low fixed rates being withdrawn.
Looking at the news from Santander (for example) they're changing linked rates on savings from 12 January and not yet doing anything with variable rates:
https://www.santander.co.uk/personal/su ... ate-change
Re: negative interest rates
Posted: Thu Mar 17 2022 1:26pm
by Sarah
The BoE base rate moves back up to its pre-pandemic level (0.75%) today.
https://www.bbc.co.uk/news/business-60763740
Re: negative interest rates
Posted: Sat Apr 30 2022 9:33pm
by Sarah
Re: negative interest rates
Posted: Thu May 05 2022 2:40am
by Sarah
Nationwide 2.5% right now... however another BoE rise is likely today...
https://www.nationwide.co.uk/savings/fl ... lar-saver/