another totally off topic post

On 26/08/2013 11:30, Norman Wells wrote:
Derek F wrote:
On 25/08/2013 11:02, Norman Wells wrote:
brightside S9 wrote:
On Sun, 25 Aug 2013 09:04:39 +0100, "Woody"
wrote:

As for interest rates - wassat?. Does any bank pay any interest
that hasn't got at least one zero after the decimal point? Pre
2008 FD used to pay interest on current account credit balances.

Santander online 123 current account pays 3% on balances fron £3k
to £20k.

So, that's 2.4% after basic rate tax, less £2 a month charges,
equals, oooh, about 1.9% net if you have a £5000 balance. The RPI
measure of inflation is running at 3.1% currently, so you'll only be
losing 1.2% of your total balance in real purchasing terms every
year. Yippeeeeee!
If you have a better one. I think we should be told:-)

If anyone has a better one, _I_ would like to be told.

What's happening with savings is a disgrace at present. Those who have
savings, many of whom are elderly and vulnerable, are currently being
fleeced of up to 3.1% of the real value of their savings every year,
largely unwittingly.

Give us your money, the banks and the government say, and we'll give you
back less in a year's time.

Nice work!

And look at annuity rates for those retiring now.I thought that they
were poor when I bought my annuity in 1999 but now they are pitiful.
Derek

On 26/08/2013 11:30, Norman Wells wrote:



What's happening with savings is a disgrace at present. Those who have
savings, many of whom are elderly and vulnerable, are currently being
fleeced of up to 3.1% of the real value of their savings every year,
largely unwittingly.

The Government seem to be surprised that fewer people are saving, short
term or for a pension.



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On 26/08/2013 12:24, Martin wrote:
On Mon, 26 Aug 2013 12:02:58 +0100, Derek F
wrote:

On 26/08/2013 08:47, Martin wrote:
On Sun, 25 Aug 2013 23:21:53 +0100, Derek F
wrote:

On 25/08/2013 11:02, Norman Wells wrote:
brightside S9 wrote:
On Sun, 25 Aug 2013 09:04:39 +0100, "Woody"
wrote:

As for interest rates - wassat?. Does any bank pay any interest
that hasn't got at least one zero after the decimal point? Pre
2008 FD used to pay interest on current account credit balances.

Santander online 123 current account pays 3% on balances fron £3k to
£20k.

So, that's 2.4% after basic rate tax, less £2 a month charges, equals,
oooh, about 1.9% net if you have a £5000 balance. The RPI measure of
inflation is running at 3.1% currently, so you'll only be losing 1.2% of
your total balance in real purchasing terms every year. Yippeeeeee!


If you have a better one. I think we should be told:-)

Oz Commonwealth Bank and ANZ Bank.

Sterling account in UK?

Australian dollar account in Australia.

What is the situation tax wise?
Double taxation? Capital Gains Tax as the Pound slides down?
John

On 26/08/2013 12:07, alan wrote:
On 26/08/2013 11:30, Norman Wells wrote:



What's happening with savings is a disgrace at present. Those who have
savings, many of whom are elderly and vulnerable, are currently being
fleeced of up to 3.1% of the real value of their savings every year,
largely unwittingly.

The Government seem to be surprised that fewer people are saving, short
term or for a pension.



Surely just now they want us to spend.
John

In message , brightside S9
writes
On Sun, 25 Aug 2013 08:57:19 +0000 (UTC), David Taylor
wrote:

On 2013-08-25, brightside S9 wrote:
On Sun, 25 Aug 2013 09:04:39 +0100, "Woody"

Santander online 123 current account pays 3% on balances fron £3k to
£20k.

As long as you keep away from anything other than the online 123
current account with a vise debit card you should escape the effects
of their well reported cock ups.

There is also a £2 monthly fee, which can be offset by the fact
they pay 1%/2%/3% cashback on various qualifying direct debits paid
from the account.

Yep, just paying my council tax and energy bill by DD more than covers
the £2 monthly charge!

BT tell me I could save £24 a year by setting up a direct debit.

This is because they "fine" me £6 per quarterly bill for not setting up
a direct debit, and in spite of the fact that I pay by direct transfer
from my bank account to theirs via online banking.

Perhaps I should bill them £6 for admin fees.
--
Ian

On 28/08/2013 10:31, brightside S9 wrote:

Well if you use the Santander 123 account and set up a DD to pay BT
you will save the £6 / quarter BT charge you and get 3% cash back on
the phone bill you pay by the DD. A no brainer I think.


Until they transfer all your money to Spain before they go bust.

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On 2013-08-29, alan wrote:
On 28/08/2013 10:31, brightside S9 wrote:

Well if you use the Santander 123 account and set up a DD to pay BT
you will save the £6 / quarter BT charge you and get 3% cash back on
the phone bill you pay by the DD. A no brainer I think.


Until they transfer all your money to Spain before they go bust.

Their UK operations are a separate company, fully regulated by the
FCA and protected by the FSCS.

--
David Taylor

In article , David Taylor
wrote:
On 2013-08-29, alan wrote:
On 28/08/2013 10:31, brightside S9 wrote:

Well if you use the Santander 123 account and set up a DD to pay BT
you will save the £6 / quarter BT charge you and get 3% cash back on
the phone bill you pay by the DD. A no brainer I think.


Until they transfer all your money to Spain before they go bust.

Their UK operations are a separate company, fully regulated by the FCA
and protected by the FSCS.

Hmmm.. I recall also being told that the UK banks were safe and run by
experts... I confess to having become a wee bit doubtful about this.

For some years I've been irritated by my bank s sending me statements that:

1) Now come with 3 or 4 pages to tell me what would fit clearly and
readably onto on side of an A4 sheet.

2) Are printed on pages that are *not* A4 but a (variable) size that is
almost always wider. Too wide to fit into many brands of A4 'pocket' for
ringbinder filing. I often can see the pre-print crop mark alignment lines
on the paper.

3) Have holes for a ringbinder... but the holes are *just* too small and
too close together for any ringbinders I've found. And too close to the
edge of the paper, so more likely to tear.

Thus making them a PITA to fit in an ordered way into a binder for storage.

I've come to regard this as a sign of their levels of concern for customers
and ability to pay attention to details. They all rely on people not
changing bank because they expect the other banks to be just as lousy.

Jim

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"Jim Lesurf" wrote in message
...
In article , David Taylor
wrote:
On 2013-08-29, alan wrote:
On 28/08/2013 10:31, brightside S9 wrote:

Well if you use the Santander 123 account and set up a DD to pay BT
you will save the £6 / quarter BT charge you and get 3% cash back on
the phone bill you pay by the DD. A no brainer I think.


Until they transfer all your money to Spain before they go bust.

Their UK operations are a separate company, fully regulated by the FCA
and protected by the FSCS.

Hmmm.. I recall also being told that the UK banks were safe and run by
experts... I confess to having become a wee bit doubtful about this.

For some years I've been irritated by my bank s sending me statements
that:

1) Now come with 3 or 4 pages to tell me what would fit clearly and
readably onto on side of an A4 sheet.

2) Are printed on pages that are *not* A4 but a (variable) size that is
almost always wider. Too wide to fit into many brands of A4 'pocket' for
ringbinder filing. I often can see the pre-print crop mark alignment lines
on the paper.

3) Have holes for a ringbinder... but the holes are *just* too small and
too close together for any ringbinders I've found. And too close to the
edge of the paper, so more likely to tear.

Thus making them a PITA to fit in an ordered way into a binder for
storage.

I've come to regard this as a sign of their levels of concern for
customers
and ability to pay attention to details. They all rely on people not
changing bank because they expect the other banks to be just as lousy.

Which Bank?
--
JohnT

On 29/08/2013 09:05, David Taylor wrote:


Their UK operations are a separate company, fully regulated by the
FCA and protected by the FSCS.


They said that about the UK operation of the Iceland banks.


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