Interest rates

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Marges
Posts: 6
Joined: Thu Jan 14, 2016 10:16 am

Interest rates

Postby Marges » Sun Aug 07, 2016 11:20 am

I just took out a tesco cc and transfered a non existent balance from my barclaycard because I want to get over the £3k in my Santander 123 account and start earning interest. I've already got 2 tsb classic a/c's filled up. Even at no fee should I have bothered?

http://www.telegraph.co.uk/news/2016/08 ... ounts-bra/

ceredigion
Posts: 19
Joined: Sat Feb 20, 2016 12:12 pm

Re: Interest rates

Postby ceredigion » Sun Aug 07, 2016 3:35 pm

Rumors are abound that rates will be heading south , but as yet none have actually confirmed this . My own theory on the S123 is that they will cut the maximum holding sum, rather than the rate itself. However nobody knows , you pays your money and take your choice.
Must say though Marges given your question , I would query the suitability of a S123 account for you.

Sarah
Posts: 372
Joined: Tue Jan 05, 2016 1:38 am
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Re: Interest rates

Postby Sarah » Mon Aug 15, 2016 5:37 pm

Santander 123 rate cut now confirmed and worse than feared - it goes down to 1.5% from 01/11/2016.

planteria
Posts: 376
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Re: Interest rates

Postby planteria » Wed Aug 17, 2016 5:11 pm

when 2% was expected by many

joker
Posts: 76
Joined: Thu Jan 07, 2016 6:09 am

Re: Interest rates

Postby joker » Wed Aug 17, 2016 8:45 pm

If too many of there follow I may have to go back to over paying the mortgage...


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