Is there any light at the end of the tunnel for savers?

MBNA are totally incompetent.

Cancelled my card five years ago, yet they still ring me up about four times a year to offer some new deal or another on a non-existent account.

Also, they persist in sending blank cheques despite my explicit request not to do so on at least three occasions.

:(

statman, I appologise for doing exactly what I accused you of. I've been to the pub and am bored.

Of course you are right that the banks are taking the p1ss with rates of interest. They are simultaneously slashing the rate for spenders and hiking the rates for borrowers (with the exception of mortgages). It's not fair but the banks get to screw everyone and it should come as no surprise.

I don't see why you think people should be restricted by their current income. I agree that reckless borrowing is a problem but I knwo plenty of people that have borrowed to do things like travelling, going to uni( I borrowed £10k 5 years ago to do my a-levels again, which I paid back), buy a car, get wasted. As long as a person is capable of paying back I don't see the problem. If there were no borrowers you would get sod all interest on your current account.

I don't quite know wht you mean about us being a middle-man. can you explain?

I'm angry abut it because I see the banks taking the p1ss every day. They lose a shed load of cash and we bail them out. Who suffers? We fecking do through higher taxes, fewer jobs and fewer services. Then the banks manage to steal victory from the jaws of defeat (I suspect corruption) and are effectively given carte blanche to rape the public at will again.
At the same time they start recording big profits again but what is happening to that money? Does it offset some of the cash they lost and repay the exchequer? Does it **. It goes to the same bankers that lost it all last year in another round of astronomical bonuses.

Dispite government claims of new regulation preventing "short-termism" they have done sod all and it's business as usuall for everyone except joe public who is being screwed through more charges, less available credit, less interest on savings and more interest on debt. And because of this government there is no choice in the banking sector. Concentration of ownershp has increased because of their actions making us all worse offd.

i was 2k overdrawn yesterday , so my interest charges were still less than the impending charges.

decided to pay it off today ,like you rightly say ...robin**ts

keep sir freddy happy

Sir Fred Goodwin
Goodwin, 50, is the former Royal Bank of Scotland (RBS) boss blamed for the collapse of the bank in October for losing $35 billion due to exposure of bad debts. He resigned in the same month when the government used $29 billion in taxpayer's money to bail it out from bankruptcy. The bank gave Goodwin a yearly pension of $1 million, eliciting public anger and criticism from Prime Minister Gordon Brown.

According to my mrs, Halifax bank were taken over by Lloyds group about a year ago, but stilll operate under the name.

Halifax Estate Agents was sold to a company called LRC for £1 about a month ago.

Banking counters situated inside Halifax Estate Agents offices were closed down and the staff were made redundant.

My mrs said there were no end of complaints over the £1 a day overdraft charge in the nearest branch to her office.