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Interest rates

Posted: Sun Aug 07, 2016 11:20 am
by Marges
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/

Re: Interest rates

Posted: Sun Aug 07, 2016 3:35 pm
by ceredigion
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.

Re: Interest rates

Posted: Mon Aug 15, 2016 5:37 pm
by Sarah
Santander 123 rate cut now confirmed and worse than feared - it goes down to 1.5% from 01/11/2016.

Re: Interest rates

Posted: Wed Aug 17, 2016 5:11 pm
by planteria
when 2% was expected by many

Re: Interest rates

Posted: Wed Aug 17, 2016 8:45 pm
by joker
If too many of there follow I may have to go back to over paying the mortgage...