On 07/01/2016 9:11 AM, Janet wrote:
> In article >,
> says...
>>
>> On 1/6/2016 8:46 AM, Janet wrote:
>>> In article >,
>>> says...
>>>>
>>>> On Tue, 5 Jan 2016 20:30:47 -0000, Janet > wrote:
>>>>
>>>> snip
>>>>>
>>>>> But not evenly. I am a bank customer who pays no banking costs or
>>>>> charges of any kind for the services I use.
>>>>>
>>>>> Other customers do, the ones who pay interest on bank loans and over
>>>>> drafts, and run up huge CC debts at awful interest rates. They are
>>>>> subsidising me.
>>>>>
>>>>> Janet UK
>>>>
>>>> Generally that privilege is offered to customers who maintain a
>>>> certain balance with the bank. Your payment for services is
>>>> essentially lending the bank your money, interest free.
>>>
>>> Er, no. The bank pays interest to ME :-)
>>>
>>>
>>> Janet UK
>>>
>>>
>>>
>> Sure they do, but after they take a cut of it.
>
> However, I AM still earning interest; I don't lend the bank my money
> interest free, as claimed by the previous poster.
>
>
> They give you interest
>> to entice you to let them use your money. Simple how it works. You
>> deposit $100. They take your money and lend it to someone else and take
>> back in $105. The give you one and keep four.
>
> Wrong. I already posted the 5% interest available on UK current
> accounts and either, you can't read or you can't take it in. Just one
> example:
>
> http://www.moneysupermarket.com/curr...interest-bank-
> accounts/
>
I must contact Nationwide. They have about 100 quid of my money and pay
me pennies in interest! The *******s!
Graham