Sunday, 16 November 2008

Savings Rate Slump

Scrutinizing my savings account this morning - as I have been doing since the Crisis recently - the rate has been slashed today by a whole 1.5%. There shall be no knee-jerk reaction to this provocative act from Lord Belmont.

His lordship will lie in wait for a week or two, until the banks and building societies have all reacted to the Crisis by taking the Brown-Darling-King directive, thus penalizing savers. Then I shall make a judgement and act, closing accounts and transferring funds as necessary.

1 comment :

Timothy Belmont said...

Is there any snag about the AA Internet Saver, operated by Birmingham Midshires? It has a good rate.