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fuck you right off
interest rates at all time low
surely it only bothers people with savings, because they aren't getting as much as they used to do?
who are prudent and fiscally responsible are suffering cos of the tards who spend all their money.
but then surely it's the silly fatcats who spend all the money! its their fault!
not me: I save, I have rarely been overdrawn, I have never blown my overdraft, I have never missed a bill payment etc etc... people like me aren't to blame!
a saver :P
that's why I said 'not me: I save'
I have enough money to pay off my student loans, but I’ve been deferring as the interest I was gaining on my savings was more than I was accruing on the loans (because they are pegged to inflation). This isn’t the case now. Inflation better come down soon, otherwise I might have to do some maths and stuff.
Given it's people with shitloads of savings who were completely blameless in all of this nonsense
ARE completely blameless in all of this nonsense.
I'd kind of hoped that, having worked really hard in recent years to clear my student debt and start saving, that this credit crunch might mean that I'd be left in a nice handy position at long last to contemplate going for a rung of that slippery property ladder.
But now my savings might as well be under my bed, the banks are asking for even bigger deposits than they were before, fees are going up as people are clutching at any cash they can get hold of and mortgages are harder to get hold of.
Way to go.
I'm hoping that the property market will bottom out and the banks will have started to bring their mortgage rates down too.
I'm also hoping that I'll have a job, too.
It's actually getting the equity that they're asking for together and meeting the other lending requirements (loan to value and affordability). There's some very good rates out there, but it's almost impossible to get them.
but having been saving for a looooong time, I’ve finally got enough money together for a decent (say, 25%) deposit. I’m now waiting for the house prices to bottom out and for the banks’ lending criteria and interest rates to create a little perfect moment in which I should (hopefully) be able to actually buy a place in London.
and keep it in carrier bags in the spare bedroom.
. I'm sure I could find room for £14K in the bottom of my cupboard if I had to
at home full of £50 notes. the logic being that £50s are too big to break without me feeling guilty, whereas cash is easy to withdraw from the bank, so down it goes.
[i do have a bank account with actual money in it, i'm not a total mental, but my £50s are the savings I know will be there come rain or shine, unless the pound suddenly becomes worthless].
i was thinking about setting up a savings account but i'm not sure i can be arsed now.
in a shop that will actually take them - lots of places won't because no one really knows what they look like so they're easier to fake.
and bars all know what they look like. :)
The problem is we don't actually produce anything. This means we can't save and have a good economy. Lummy.
for destroying British industry WINK
I win. don't I?
I get paid in Euros and buy TV's clothes and ps3 in England.
missed the , after tv
I dont really understand economics but isnt interest on savings a return for using your money for profitable investments, during a recession there will be less of this, seems natural interest rates would be lower, presumably having low rates will help get things back on track, seems abit selfish that people should expect nothing to change when the country is facing hard times like they should be exempt, no doubt many of these people benefited during the good times. I saw an interview with someone on tv saying how they used to live of their savings and now they are having to dip into their savings, failed to have much sympathy for them compared to all those made redundant etc