we should expect that Deposit Interest rates will fall further and perhaps move to minus %
You're making a different point here. We have been in this situation for quite some time.Fair enough points above lads but let me put it another way ... we done need to go negative to fall under the current tracker %.
Even if all trackers were on the best one I've heard of : ECB + 0.50% ... then banks only need to fall below that Deposit Rate to temp savers to switch out and into mortgage pay down. We're not far off that at the moment ...
They have other tools in their armour if they need to use.
Even if all trackers were on the best one I've heard of : ECB + 0.50% ... then banks only need to fall below that Deposit Rate to temp savers to switch out and into mortgage pay down. We're not far off that at the moment ...
Oh, I've no doubt we'll see banks head towards 0.01% across the board.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?