Farming Forum UK

A forum for farmers and country-folk worldwide.
It is currently Thu Aug 17, 2017 12:41 pm

All times are UTC [ DST ]



Post new topic Reply to topic  [ 24 posts ]  Go to page 1, 2  Next
Author Message
 Post subject: NatWest
PostPosted: Sat Jul 23, 2016 7:16 pm 
Offline

Joined: Sun Jan 18, 2009 1:13 pm
Posts: 3775
Location: Norfolk
Had a letter from NatWest this week with changes to account terms and conditions. Usual stuff apart from, they now reserve the right to charge the customer interest on credit balances! Hmmmm.

_________________
Here we go again, hold tight.


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Sat Jul 23, 2016 7:49 pm 
Offline
User avatar

Joined: Sun Nov 09, 2008 11:02 pm
Posts: 6211
Location: south Suffolk
NQIT wrote:
Had a letter from NatWest this week with changes to account terms and conditions. Usual stuff apart from, they now reserve the right to charge the customer interest on credit balances! Hmmmm.

Well that's what Osborne was planning to do in September anyway, and why he was sacked, and why he'll never get a senior government post again (I hope).


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Sun Jul 24, 2016 8:11 am 
Offline
User avatar

Joined: Thu Jan 15, 2009 7:36 pm
Posts: 7173
Location: Megawatt valley
I've been with Natwest years,Mrs B has changed banks a few times to get some reasonable offers to new customers and its worked well.Not getting the returns on money that she is now so maybe its time to change? :?



Was listening to this in the week,called how low can rates go?

Bit over my head some of it but makes interesting listening.Bright future? hmmmm.

http://www.bbc.co.uk/programmes/b07krycg

_________________
Taxi Willy,he's a hero...


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Sun Jul 24, 2016 8:36 am 
Offline
User avatar

Joined: Sun Apr 26, 2009 10:05 am
Posts: 11573
Location: On the beach!
NQIT wrote:
Had a letter from NatWest this week with changes to account terms and conditions. Usual stuff apart from, they now reserve the right to charge the customer interest on credit balances! Hmmmm.


Better of sticking it under the mattress. :wink:

_________________
And plenty in the tank.


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Sun Jul 24, 2016 8:45 am 
Offline
User avatar

Joined: Fri Jan 09, 2009 6:50 pm
Posts: 11924
Location: Littlehay
Bloomers wrote:
I've been with Natwest years,Mrs B has changed banks a few times to get some reasonable offers to new customers and its worked well.Not getting the returns on money that she is now so maybe its time to change? :?



Was listening to this in the week,called how low can rates go?

Bit over my head some of it but makes interesting listening.Bright future? hmmmm.

http://www.bbc.co.uk/programmes/b07krycg


Japan still going through the aftermath of zero interest rates. People and businesses will not borrow money if they foresee bad times ahead. Also, there is always the mind set of 'What I want to buy will be cheaper next week'. Deflation. That stagnates growth, as everyone is waiting for the market to 'bottom out' before they buy or invest.

I can remember the opposite scenario in the 1970's, when inflation was running at 28% (yes, 28%) and the price of everything was rising on a weekly basis. Horrendous times, with mortgage rates at 15%.

Low interest rates have their problems, but having seen both ends of the spectrum, I know which I prefer. Give me low interest rates any day.

_________________
Full English Brexit, please!


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Sun Jul 24, 2016 9:04 am 
Offline
User avatar

Joined: Sun Nov 09, 2008 11:02 pm
Posts: 6211
Location: south Suffolk
Raggy wrote:
NQIT wrote:
Had a letter from NatWest this week with changes to account terms and conditions. Usual stuff apart from, they now reserve the right to charge the customer interest on credit balances! Hmmmm.


Better of sticking it under the mattress. :wink:


They have had negative interest rates in Sweden, and of course that is exactly what happens. Basically, negative interest rates as a policy do not work, and cause all sorts of collateral damage and unintended consequences.


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Sun Jul 24, 2016 9:29 am 
Offline

Joined: Sun Jun 28, 2009 3:05 pm
Posts: 10557
Location: The Zone
Banks are shops that sell money. If you don't like their products do as you would any other shop.

_________________
keep honking, I'm reloading


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Sun Jul 24, 2016 5:14 pm 
Offline

Joined: Sun Jan 18, 2009 1:13 pm
Posts: 3775
Location: Norfolk
The Pretender wrote:
Banks are shops that sell money. If you don't like their products do as you would any other shop.

I would agree, but I'm not buying money. It is a business account, always in credit. We will go elsewhere if it happens, but if NatWest do it, so will the others.

_________________
Here we go again, hold tight.


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Sun Jul 24, 2016 6:07 pm 
Offline
User avatar

Joined: Sun Aug 03, 2008 5:21 pm
Posts: 24301
NQIT wrote:
The Pretender wrote:
Banks are shops that sell money. If you don't like their products do as you would any other shop.

I would agree, but I'm not buying money. It is a business account, always in credit. We will go elsewhere if it happens, but if NatWest do it, so will the others.

You mean they let you run a business account absolutely free ?
Thought not.

Lloyds have started doing similar things.

_________________
Lovely, lovely, lovely....hahahahaha


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Sun Jul 24, 2016 7:08 pm 
Offline

Joined: Sun Jan 18, 2009 1:13 pm
Posts: 3775
Location: Norfolk
Lord Muck wrote:
NQIT wrote:
The Pretender wrote:
Banks are shops that sell money. If you don't like their products do as you would any other shop.

I would agree, but I'm not buying money. It is a business account, always in credit. We will go elsewhere if it happens, but if NatWest do it, so will the others.

You mean they let you run a business account absolutely free ?
Thought not.

Lloyds have started doing similar things.

As it happens, yes they do. They do, however, have the use of my credit balance foc.

_________________
Here we go again, hold tight.


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Sun Jul 24, 2016 7:34 pm 
Offline

Joined: Sun Jun 28, 2009 3:05 pm
Posts: 10557
Location: The Zone
NQIT wrote:
The Pretender wrote:
Banks are shops that sell money. If you don't like their products do as you would any other shop.

I would agree, but I'm not buying money. It is a business account, always in credit. We will go elsewhere if it happens, but if NatWest do it, so will the others.


If they are going to charge you for staying in credit, you might as well keep it a pound in the red and put the money somewhere else. Obviously they are providing a service which needs to be paid for.

_________________
keep honking, I'm reloading


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Sun Jul 24, 2016 9:54 pm 
Offline
User avatar

Joined: Sun Aug 03, 2008 5:21 pm
Posts: 24301
NQIT wrote:
Lord Muck wrote:
NQIT wrote:
The Pretender wrote:
Banks are shops that sell money. If you don't like their products do as you would any other shop.

I would agree, but I'm not buying money. It is a business account, always in credit. We will go elsewhere if it happens, but if NatWest do it, so will the others.

You mean they let you run a business account absolutely free ?
Thought not.

Lloyds have started doing similar things.

As it happens, yes they do. They do, however, have the use of my credit balance foc.

You think they don't charge you anything ?
I'd have a closer look if I were you.

_________________
Lovely, lovely, lovely....hahahahaha


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Sun Jul 24, 2016 10:16 pm 
Offline

Joined: Sun Jan 18, 2009 1:13 pm
Posts: 3775
Location: Norfolk
Lord Muck wrote:
NQIT wrote:
Lord Muck wrote:
NQIT wrote:
The Pretender wrote:
Banks are shops that sell money. If you don't like their products do as you would any other shop.

I would agree, but I'm not buying money. It is a business account, always in credit. We will go elsewhere if it happens, but if NatWest do it, so will the others.

You mean they let you run a business account absolutely free ?
Thought not.

Lloyds have started doing similar things.

As it happens, yes they do. They do, however, have the use of my credit balance foc.

You think they don't charge you anything ?
I'd have a closer look if I were you.

I don't think it, I know it. Bank charges = £0 per month. They are welcome to double the charge.

_________________
Here we go again, hold tight.


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Sun Jul 24, 2016 10:49 pm 
Offline
User avatar

Joined: Sun Aug 03, 2008 5:21 pm
Posts: 24301
NQIT wrote:
I don't think it, I know it. Bank charges = £0 per month. They are welcome to double the charge.

So you don't get charged for using any of their facilities, paying in etc ?
So they just let you use their bank and don't charge you for any of it ?
If that's the case you must be a new customer.
Or is this a personal account ?

_________________
Lovely, lovely, lovely....hahahahaha


Top
 Profile  
Reply with quote  
 Post subject: Re: NatWest
PostPosted: Mon Jul 25, 2016 12:24 pm 
Offline
User avatar

Joined: Sat Aug 16, 2008 3:18 am
Posts: 7911
Location: Schizophrenia-Just this side of the border
Big corps can't stick it under a mattress, the money sitting there is what they are after.

The US treasury for years has had an account where you can buy treasures and get zero return, just the safety of a US treasury bill.

Some big corps have butt tons (standard measure) of cash sitting around. They want them to spend that or give it to shareholders.

_________________
Measure twice, cut once, curse, repeat.


Top
 Profile  
Reply with quote  
Display posts from previous:  Sort by  
Reply to topic 
 [ 24 posts ] 
Post new topic  Go to page 1, 2  Next

All times are UTC [ DST ]


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  
Powered by phpBB® Forum Software © phpBB Group Color scheme by ColorizeIt!