Bank of England cut rate to 1%

Bat21 · 05-02-2009, 14:04

So once again the people in debt are rewarded... but those with savings are shafted

zippy656 · 05-02-2009, 14:05

only if its passed on though

05-02-2009, 14:24

I cant see the banks & building Societies passing this rate on to customers not even anything like it. OK if you are on a tracker though.

Thomas-the-Terrano2 · 05-02-2009, 15:28

Quote:

Originally Posted by Banksy

I cant see the banks & building Societies passing this rate on to customers not even anything like it. OK if you are on a tracker though.

yep certainly am, my mortgage has been dropping almost every month for 2 years thanks
to decreasing rates, the 'savings' have been reinvested in a personal loan from another
bank to buy our caravan.

All work and no play was making TtT2 one unhappy bunny, now have something to smile
about for same outlay. 2 home family!

05-02-2009, 14:04	#1
Bat21 Administrator Join Date: Feb 2007 Location: Shropshire Vehicle: Tonka Toy Posts: 1,044	Bank of England cut rate to 1% So once again the people in debt are rewarded... but those with savings are shafted

05-02-2009, 14:24	#3
Banksy Guest Posts: n/a	Will this rate be passed on I cant see the banks & building Societies passing this rate on to customers not even anything like it. OK if you are on a tracker though.

05-02-2009, 14:05	#2
zippy656 Senior Member Join Date: Aug 2008 Location: Devizes Wiltshire Vehicle: Nissan Note Ntec 1.5 Posts: 14,138	only if its passed on though