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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://mas.to/users/statsguy/statuses/113147307740221043">Adam Jacobs 🇺🇦 (statsguy@mas.to)'s status on Tuesday, 17-Sep-2024 00:03:25 JST</a><a href="https://mas.to/@statsguy" title="statsguy@mas.to"><img src="https://gnusocial.jp/avatar/20006-48-20240311201139.webp" width="48" height="48" alt="Adam Jacobs 🇺🇦" style="position: absolute; left: 0; top: 0;">Adam Jacobs 🇺🇦</a></section><article><p>In case anyone is wondering which direction UK interest rates are moving in, I got 2 letters from my bank today that shed some light on the issue.</p><p>The first one said that they're reducing the interest rate on my savings account.</p><p>The second one said that they're increasing the interest rate on my credit card account.</p><p>So I think the clear conclusion is that interest rates are going in whichever direction makes more money for the bank.</p><p><a href="https://mas.to/tags/UKEconomy" rel="tag">#UKEconomy</a> <a href="https://mas.to/tags/InterestRates" rel="tag">#InterestRates</a> <a href="https://mas.to/tags/Banks" rel="tag">#Banks</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/3677940#notice-7206528">In conversation</a><time datetime="2024-09-17T00:03:25+09:00" title="Tuesday, 17-Sep-2024 00:03:25 JST">about 8 months ago</time> <span>from <span><a href="https://mas.to/@statsguy/113147307740221043" rel="external" title="Sent from mas.to via ActivityPub">mas.to</a></span></span><a href="https://mas.to/@statsguy/113147307740221043">permalink</a><h4>Attachments</h4><ol><li><article><header><div>No result found on File_thumbnail lookup.</div><h5><a href="http://ww25.account.so/?subid1=20230211-0440-2614-b51e-6b8fd8fe5def">http://ww25.account.so/?subid1=20230211-0440-2614-b51e-6b8fd8fe5def</a></h5><div></div></header><div></div><footer></footer></article></li></ol></footer></blockquote>

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Adam Jacobs 🇺🇦 (statsguy@mas.to)'s status on Tuesday, 17-Sep-2024 00:03:25 JST Adam Jacobs 🇺🇦
In case anyone is wondering which direction UK interest rates are moving in, I got 2 letters from my bank today that shed some light on the issue.
The first one said that they're reducing the interest rate on my savings account.
The second one said that they're increasing the interest rate on my credit card account.
So I think the clear conclusion is that interest rates are going in whichever direction makes more money for the bank.
#UKEconomy #InterestRates #Banks
In conversationabout 8 months ago from mas.topermalink
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  http://ww25.account.so/?subid1=20230211-0440-2614-b51e-6b8fd8fe5def

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