Jokes0 min ago
Low bank rates
2 Answers
With Northern rock now looking for customers, will they offer low intrest rates to claw back customers?
If they do offer low intrest rates and are fixed, if they get bought out will the new owner of the loan be able to inflate the intrest rate even if it is fixed?
I'm i thinking along the right lines here?
If they do offer low intrest rates and are fixed, if they get bought out will the new owner of the loan be able to inflate the intrest rate even if it is fixed?
I'm i thinking along the right lines here?
Answers
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i think duckster is referring to loans/mortgages etc rather than savings...
I think in light of the reason the problems occured in the first place with Northern Rock, I douby they will be any great rush to be offering low interest rates to attract new borrowers. If anything they are probably more likely to increase interest rates on loans and mortgages to play safe.
With regard to savings, they may offer a slightly higher interest rate to attract the old cutomers back, but i think this will be unlikely
I think in light of the reason the problems occured in the first place with Northern Rock, I douby they will be any great rush to be offering low interest rates to attract new borrowers. If anything they are probably more likely to increase interest rates on loans and mortgages to play safe.
With regard to savings, they may offer a slightly higher interest rate to attract the old cutomers back, but i think this will be unlikely
1 to 2 of 2
