2006-11-09 00:10:37 · 12 answers · asked by Anonymous in Business & Finance ➔ Investing
HaHa, you'll be lucky. A small amount like that will earn you almost nothing in any building society or bank. If its money you dont actually need to live on you'd be better off buying a few premium bonds. At least with those, even though the chances are millions to one, you might just get something back if your number comes up. But as for any bank or society increasing profit on your investment, you chances of living to 150 are higher!! Sorry but thats how banks make a profit.
2006-11-09 01:11:20 · answer #1 · answered by lizzy b 1 · 0⤊ 0⤋
Not necessarily so Crispy. What a lot of banks and building societies do is open up new products with the higher interest rate, while freezing the rates of their loyal customers. I would check, and if they didn't increase your rate, move your money.
You have to be canny, oh aye!
2006-11-09 00:23:16 · answer #2 · answered by 13caesars 4 · 0⤊ 0⤋
When interest rates go up,banks immediately increase the rates they charge. The rates they pay they increase much later.
This is why they are rich and you are poor
2006-11-09 11:20:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I don't even pick £158 up off the pavement.
2006-11-09 00:23:23 · answer #4 · answered by Anonymous · 0⤊ 0⤋
One quarter of one percent. That's forty pence a year (when they get round to passing the increase on to savers - which never happens as quickly as they pass them on to borrowers). Enjoy it!
2006-11-09 00:42:32 · answer #5 · answered by gvih2g2 5 · 0⤊ 0⤋
Not immediately, but soon, you will also pay more interest on your mortgage, credit card loan etc.
2006-11-09 00:22:48 · answer #6 · answered by Social Science Lady 7 · 0⤊ 0⤋
love the picture crispy you should get a massive 1p
2006-11-09 00:14:39 · answer #7 · answered by MISSY G 5 · 0⤊ 0⤋
no,
the banks are good like that.
p.s nice pic, combined with your name, it makes me feel a little queasy. lol.
2006-11-09 00:11:50 · answer #8 · answered by Heather 5 · 0⤊ 0⤋
WELL IF I CAN OFFER ANY ADVICE AT ALL, THAT WOULD BE DONT GO PLANNING ANY AROUND THE WORLD TRIPS , WITH ALL THAT EXTRA INCOME
2006-11-09 00:32:12 · answer #9 · answered by Anonymous · 1⤊ 0⤋
no Citynarrow
2006-11-09 00:15:55 · answer #10 · answered by Anonymous · 0⤊ 0⤋