We're reducing the loyalty rate


#1

… on your greedy bank Loyalty Cash ISA. AGAIN!

I just want to save a little money for my kids’ education. That’s all I want. Why do I have to get letters like this?!?! Thieving highway thieves.

They’re not worried about being disreputable anymore. The crash of 2007/08/09/10/11/12/13/14/15 has stripped them of any pretension of appropriate behaviour.

Light the torches!


#2

Tiny interest rates have ruined ISAs for years. They were good, 10+ years ago. I’m sure I used to get 4-5% on my cash one?


#3

Unfortunately, it’s a trick banks have pulled from the insurance industry.
“Loyalty” now means “Someone who’s probably not watching market rates like a hawk. Feel free to screw them over.”

If only the yields on rentier capitalism were as low as that.


#4

Yeah right! Honestly (don’t hear many banks using that word nowadays!) they must RAKE it in doing this.


#5

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