Just had some bank statements arrive from Britain
I am a little concerned about falling interest rates and their effect on the long term value of our savings in the UK :
In our Firstdirect Accounts we have :
Everyday Savings = 0.00
Current account = 0.39p (we really ought to transfer this into savings account)
In our Virgin One account we have £47.92 following the addition of 4p interest this month.
What got me, though, was their closing calculation :
An update on your overall financial position
What you own
Your home, based on the last valuation = £5.00
What you owe
Your One account balance as at 31/10/2008 = £47.92
The difference between what you own and what you owe = £52.92
It looks to me as if they have just given us a fiver... That CAN'T be right, can it ?
(Yes - you've guessed it. Pat married me for my money.)
In our Firstdirect Accounts we have :
Everyday Savings = 0.00
Current account = 0.39p (we really ought to transfer this into savings account)
In our Virgin One account we have £47.92 following the addition of 4p interest this month.
What got me, though, was their closing calculation :
An update on your overall financial position
What you own
Your home, based on the last valuation = £5.00
What you owe
Your One account balance as at 31/10/2008 = £47.92
The difference between what you own and what you owe = £52.92
It looks to me as if they have just given us a fiver... That CAN'T be right, can it ?
(Yes - you've guessed it. Pat married me for my money.)
Comments
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