I dont understand those rates you describe in Feb/Mar 2009. PTSB were offering margins of approximately 2.25% and 3.25%.Have just got off the phone with PTSB (again), trying to figure out where the rate they gave us came from.
We broke out of our fixed rate in February/March 2009, I was given a list of the rates they were charging at that point:
The rate they put us on (now) is 2.3%, So I'm assuming (perhaps incorrectly), those were the rates above ECB which were:
- 21 January 2009: 1.5%
- 11 March 2009: 1.25%
- 8 April 2009: 1%
Again, I'm assuming they put us on the new rate in the April, which would equate to 2.25% which for some reason they're rounding up to 2.3%. It's only 0.05%, but still...
- 21 January 2009: 2%
- 11 March 2009: 1.5%
- 8 April 2009: 1.25%
Where are you getting 1.5% in Jan 2009 - is this the margin. I dont think the margin was that low in 2009. We were offered a margin of 3.25% above ECB (1% in Oct 2009)