Negative Interest Rate

Financial Chat
#21

I find it a little bemusing how my savings rates keep dropping fast and in large chunks, yet my credit cards and overdrafts have remained unchanged.

I fully expect when the rates start going back up however, that credit cards and the like will be first to adopt them. Wouldn’t be the first time Barclaycard will have done something like it either. It’s how my interest rate has slowly crept up by almost 7% over the last decade.

1 Like
#22

Probably very little…rate drops only seem to affect savings accounts …weird that…

1 Like
#23

It tracks the Boe 0.1 plus like 1% or something like that.

Roll on 5th Nov.

1 Like
#24

I’d love to hear the Governor of the Bank of England pitch it like that :joy::rofl:

1 Like
#25

This topic was automatically closed 180 days after the last reply. New replies are no longer allowed.