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Old 02-26-2013, 08:02 PM   #1
beuwolf88
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Default Bank of England - Negative interest rates should be considered

That's right you pay for keeping your money in a bank.




----------------------------------------------------------------------------------
Bank of England deputy governor Paul Tucker has said negative interest rates should be considered.

A negative interest rate would mean the central bank charges banks to hold their money and could encourage them to lend out more of their funds.

Speaking to MPs on the Treasury Committee, Mr Tucker said: "This would be an extraordinary thing to do and it needs to be thought through carefully."

He said it was one of a number of ideas that he had put up for consideration.

"I hope we will think about whether there are constraints to setting negative interest rates," Mr Tucker told MPs.

Any discussion of negative rates would have to take into account the likely detrimental impact on savers, who have already seen the income from their savings fall since the financial crisis.

http://www.bbc.co.uk/news/business-21589128
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Last edited by beuwolf88; 02-26-2013 at 08:06 PM.
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Old 02-26-2013, 09:13 PM   #2
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Well i've just have to keep my money where i've always kept it.

....oooh i almost said there, close that time
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Old 02-26-2013, 09:21 PM   #3
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Does that mean they'll pay you to borrow it too?

You already pay to keep your money in the bank in the form of fees.
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Old 02-26-2013, 10:24 PM   #4
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Like Dad said, we already pay to keep our money in the bank.
A return to the original Credit Unions, Co-operatives and not-for profit Building Societies with Social Programmes are a much better option than the current banking mafia.
Unfortunately the current crooks in the banking industry have swallowed or destroyed most of the above.
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Old 02-26-2013, 11:20 PM   #5
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Quote:
Originally Posted by figatova View Post
Like Dad said, we already pay to keep our money in the bank.
A return to the original Credit Unions, Co-operatives and not-for profit Building Societies with Social Programmes are a much better option than the current banking mafia.
Unfortunately the current crooks in the banking industry have swallowed or destroyed most of the above.
Does tend to play havoc with those negative about gold because it doesn't earn interest.
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Old 02-26-2013, 11:37 PM   #6
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Let the mattress stuffing begin!
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Old 02-26-2013, 11:51 PM   #7
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Never paid a bank fee.
Did not even know that some people did until a few years ago.
My first account was in 1978 or so.
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Old 02-27-2013, 12:06 AM   #8
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My bank charges me 12 bucks a month to keep my money in it..

however the credit union I use for my savings doesnt but it requires me to deposit or withdrawal ever 3 months some money
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Old 02-27-2013, 12:34 AM   #9
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If only hookers were such progressive thinkers
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Old 02-27-2013, 01:54 AM   #10
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Open a piggybank bank account and with your kid.

By they time they hit 18 they were owe $1000 to the bank.
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