New Posts For Thread: santander bank paying intrest straight away on 12000 investedhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28698349/santander-bank-paying-intrest-straight-away-on-12000-investedjust seen their advert and paying you the intrest in advance of anything over 10000 over 3 years, no withdrwal, no deposit, or cancellation allowed, would money be 100% safe etc, seems a decent offerI think it's a good thing though, as it encourages active investment.If interest eventually skyrockets, house prices will likely come crashing down and the situation will reverse.My grandparents live off interest and rent. When I hear things like thehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28698349/santander-bank-paying-intrest-straight-away-on-12000-invested?post_id=513172533#513172533I think it's a good thing though, as it encourages active investment.If interest eventually skyrockets, house prices will likely come crashing down and the situation will reverse.My grandparents live off interest and rent. When I hear things like theMon, 28 Nov 2011 09:45:55 -0600The prudent are subsiding the imprudent because interest rates are being kept low relative to what is needed to keep inflation below 2%. This has the effect of cushioning those in debt (eg those who imprudently bought property at the top of the markehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28698349/santander-bank-paying-intrest-straight-away-on-12000-invested?post_id=513162595#513162595The prudent are subsiding the imprudent because interest rates are being kept low relative to what is needed to keep inflation below 2%. This has the effect of cushioning those in debt (eg those who imprudently bought property at the top of the markeMon, 28 Nov 2011 02:24:45 -0600How exactly do you think the prudent are subsidising the imprudent?I don't think it's prudent to have more than 3-6 months of living expenses as cash in a saving account, unless it's a temporary solution. It's a p!ss poor investment.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28698349/santander-bank-paying-intrest-straight-away-on-12000-invested?post_id=513154027#513154027How exactly do you think the prudent are subsidising the imprudent?I don't think it's prudent to have more than 3-6 months of living expenses as cash in a saving account, unless it's a temporary solution. It's a p!ss poor investment.Sun, 27 Nov 2011 18:08:14 -0600Well if you can get £60 a year for doing nothing then why not. Just make sure you don't ever accidentally go 1p overdrawn in which case they will probably claw the money back in unauthorised overdraft fees or something like that. My point was reallyhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28698349/santander-bank-paying-intrest-straight-away-on-12000-invested?post_id=513126389#513126389Well if you can get £60 a year for doing nothing then why not. Just make sure you don't ever accidentally go 1p overdrawn in which case they will probably claw the money back in unauthorised overdraft fees or something like that. My point was reallySun, 27 Nov 2011 04:51:47 -0600I opened a local halifax account as the bank I do my main business with, do not have a convenient local bank for me to stop at to bank cheques. I set up direct debits from my main account and the hfx one. A grand gets transferred into the hfx bank anhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28698349/santander-bank-paying-intrest-straight-away-on-12000-invested?post_id=513126083#513126083I opened a local halifax account as the bank I do my main business with, do not have a convenient local bank for me to stop at to bank cheques. I set up direct debits from my main account and the hfx one. A grand gets transferred into the hfx bank anSun, 27 Nov 2011 04:30:06 -0600Since loan companies are obliged by law to state on their ads the rate of interest they charge, I think banks should be forced to show the rate of interest they pay once RPI is deducted. They would not be able to sucker nearly so many punters in if thttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28698349/santander-bank-paying-intrest-straight-away-on-12000-invested?post_id=513110859#513110859Since loan companies are obliged by law to state on their ads the rate of interest they charge, I think banks should be forced to show the rate of interest they pay once RPI is deducted. They would not be able to sucker nearly so many punters in if tSat, 26 Nov 2011 15:46:10 -0600I have a halifax account and get that £5 every month. Genuine question is there a better deal for me than that at the moment? I have £2600 in the bank because I've just got paid, I'll probably have less than a grand when I next get paid.Bearing ihttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28698349/santander-bank-paying-intrest-straight-away-on-12000-invested?post_id=513090817#513090817I have a halifax account and get that £5 every month. Genuine question is there a better deal for me than that at the moment? I have £2600 in the bank because I've just got paid, I'll probably have less than a grand when I next get paid.Bearing iSat, 26 Nov 2011 08:51:49 -0600sounds a bit like the halifax current account gimmick. "giving you" a £5 present every month for depositing £1000.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28698349/santander-bank-paying-intrest-straight-away-on-12000-invested?post_id=512833141#512833141sounds a bit like the halifax current account gimmick. "giving you" a £5 present every month for depositing £1000.Sun, 20 Nov 2011 07:46:18 -0600"Its just a gimmick. No different than just investing 11,000 at a better rate then going out and spending the 1000 you didn't invest. They must think people are stupid."Go out and meet the British public. They are more stupid than you could possiblyhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28698349/santander-bank-paying-intrest-straight-away-on-12000-invested?post_id=512832405#512832405"Its just a gimmick. No different than just investing 11,000 at a better rate then going out and spending the 1000 you didn't invest. They must think people are stupid."Go out and meet the British public. They are more stupid than you could possiblySun, 20 Nov 2011 07:20:15 -0600it's all about the gimmicks - everything is gimmicky -too many daft folk out there who believe far too muchhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28698349/santander-bank-paying-intrest-straight-away-on-12000-invested?post_id=512817045#512817045it's all about the gimmicks - everything is gimmicky -too many daft folk out there who believe far too muchSat, 19 Nov 2011 18:40:18 -0600