| Archive for silversurfers.myfreeforum.org The Premier Forum for the Over Fifties! |
| Sandie Seward |
New 'safe' bed allows savers to store cash underneathBed manufacturer Feather & Black is offering savers who have lost faith in the banks somewhere to keep their money safely – under the mattress in a concealed safe.The bed manufacturer reckons that finding someway to keep your cash safe is becoming increasingly problematic. So it has come up with a new divan bed that conceals a safe. Read rest of article here: http://www.telegraph.co.uk/financ...heir-cash-under-the-mattress.html 
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| Ken R |
I don't have to worry about where to keep my cash anymore.......I don't have any ! 
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| Sandie Seward |
I know the feeling only too well, Ken. 
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| JoJo |
Well you get as much interest under the bed as you do at the banks and you know were it is 
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| Sandie Seward |
That is most certainly true, Joan, with today's latest Interest Rate Cut to only 0.05%, it is not worth keeping it in the Bank.
The only reason why I keep an alternative Savings Account with my Bank is purely Business. It gives my Current Account yet another cushion because if my Currant Account goes near to going into Overdraft Mode, I transfer online a few quid to "bolster" it up until the weekend. when I can usually transfer (the usually still unspent amount back into my savings.. |
| JoJo |
We had the same problem a few weeks ago, we had to pay for half of our daughters wedding reception, we withdrew the money from the building sociaty they gave us a cheque, we put it in the bank,on the same day we paid our credit card bill which included the reception bill, now you would think a cheque from one bank to another would clear pretty quickly but oh no.the Credit card money went straight out of the account so until the other cheque cleared we did not have any cash left in our current account, so if a DD had come out we would have been overdrawn and would have to pay charges, I have a savings account in my name so I had to transfere just like you to cover ourselves do you know that cheque took five full days to clear. 
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| Sandie Seward |
It's only a matter of time now Joan until cheques are phased out for good.
They are expensive to process, and as you found out, very slow to clear. 
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