Quote:
Originally Posted by katex
It was 1.16 when I went the other week Roy. Wonder how long it will be before it is 1. !!
Another friend of mine living out there has seen her income (from pensions) drop by 30% .. but there again, that is the risk you take isn't it ? Can't have it good all the time. You were lucky to have money to invest at the time.
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That is hard earned............I have a bank account in Spain with the Halifax and they did not tell me that a sterling account would be of advantage to me.
I will close that account within the next few days.
With the Spanish bank you can invest in euros for a fixed period and get the interest paid up front....provided you dont draw money out before maturity. 6.5%
If you transfer money or deposit by cheque into the sterling account the interest works out at 4.5% on a current account providing there is £3000 in that account.
We have a lot to learn.
I'ts figures..............and you have trouble in the UK seeing your bank manager....In Spain it cost you nothing.