FabSwingers.com forum: Negative interest rates

By *0shadesOfFilth OP Man
over a year ago

nearby

So the Bank of England have given uk banks 6 months notice to prepare for negative interest rates.

Rates have been near zero for a decade already, anyone with savings in deposit accounts will shortly be paying their bank to hold their money.

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By (user no longer on site)
over a year ago

Funny how it's only the tabloids reporting that...

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By *ultry SuccubusTV/TS
over a year ago

London

I'm not a finance person but I know Japan has been doing it to boost the economy. Not sure if it's working.

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By *0shadesOfFilth OP Man
over a year ago

nearby

"Funny how it's only the tabloids reporting that...

Hardly, it’s in all the trade financial papers today

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By *ecadent_DevonMan
over a year ago

Okehampton

I keep all my money under my mattress anyway

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By *ad NannaWoman
over a year ago

East London

I'm not very au fait with finance but does that mean people are being encouraged to borrow?

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By *ad NannaWoman
over a year ago

East London

"I keep all my money under my mattress anyway"

Mine's in a biscuit tin.

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By *ecadent_DevonMan
over a year ago

Okehampton

"I keep all my money under my mattress anyway

Mine's in a biscuit tin. "

You’ll never go to heaven (in a biscuit tin)

Sorry your post reminded me of that silly song we would sing as kids

Oh you’ll never go to heaven in mummas bra, cause mummas bra won’t stretch that far (I ain’t gonna grieve my Lord no more)

Sorry, no really, sorry

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By *phroditeWoman
over a year ago

(She/ her) in Sensualityland

"Funny how it's only the tabloids reporting that...

It is in the Guardian as well... rather challenging times we live in, I guess

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By *ecadent_DevonMan
over a year ago

Okehampton

Oh you’ll never put your money in Barclays Bank cause interest rates have turned to wank (I ain’t gonna grieve my lord, no mooooorrrrreee!)

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By *ficouldMan
over a year ago

a quandary, could you change my mind?

So if I borrow a few millions from the bank do they pat me each month to have the money?

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By (user no longer on site)
over a year ago

Will the billionaires be ok?

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By *icolerobbieCouple
over a year ago

walsall

I believe this won’t be the case for retail banking. You just won’t get any interest on money deposited. If it was the case, the run on the banks from people withdrawing their money would be unprecedented.

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By (user no longer on site)
over a year ago

"I'm not very au fait with finance but does that mean people are being encouraged to borrow?"

Being encouraged to spend....

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

"I believe this won’t be the case for retail banking. You just won’t get any interest on money deposited. If it was the case, the run on the banks from people withdrawing their money would be unprecedented."

Large businesses might pay a small charge for holding large deposits , consumer borrowing / mortgages will drop a little. I use Barclays Premier they are offering me 7 year fix today at 1.32%

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By *lex46TV/TS
over a year ago

Near Wells

Makes no difference. I have no savings

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By (user no longer on site)
over a year ago

My negative interest rates on fab have always been pretty high

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By (user no longer on site)
over a year ago

So the bank will pay me for the privilege of holding my money?

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By (user no longer on site)
over a year ago

"So the bank will pay me for the privilege of holding my money?

Errrrrr no that’s positive interest rates.

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By *om and JennieCouple
over a year ago

Chams or Socials

"I keep all my money under my mattress anyway"

I had a service use who kept £16k in a shoe box. They were in alpha numerical order. He told us he had no money

He also had over £40k in a bank account

J x

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