Wij
I am a FH squatter
- Joined
- Dec 23, 2003
- Messages
- 18,238
noooooo, it's not anywhere near 6%
They only alter the pretend-rate once in a blue moon.
noooooo, it's not anywhere near 6%
Nat West just called me - their standard variable rate is being cut from 7.19 to 5.19 %. They're still a rip off and much better out there I am sure, but at leat they are passing the cut on, to a fashion
Economically it's a very good move for our country.
Less people wanting to save - kaching
More people wanting to borrow - kaching (only a kaching if the banks decide to lend - hard to say for the moment but should improve over time)
More people spending - kaching