UK Bank Interest Rates to Double | Champagne Twist

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I flipped on the TV last night by chance, and caught the tail end of the Martin Lewis Money Show, and learnt that bank interest rates are set to double.

DOUBLE

DOUBLE

The fear and panic that came over me was so overwhelming, I immediately burst into tears. Thoughts included – I am bearly keeping my head above water as it is, and now could literally face bankruptcy.  It was all the more hurtful, as I was having a good day up to that point.  I have been making good, meaningful and positive inroads into my plans for the Champagne Twist social network and up coming business.

Then this bombshell.

To say I have been knocked for 6, is the understatement of the decade, and as this new decade is only 8 days old, that’s saying a lot.  But after a calming and reassuring chat with my mum (yes I resorted to that age old standard of calling my mum at the first sign of a crisis, don’t judge me, and if you do, I don’t care!) – I feel a little more hopeful.  I didn’t get much sleep, but as the daylight increases, things aren’t looking quite so dire.

What angers me, is that my financial institution has not informed me of these new changes.  This sneaky, underhanded way banks deal with their customers these days, is beyond appalling. Many charge nearly 40% in interest rates, but only give up to 1% for savings. As for their customer service, don’t get me started.

There is hope on the horizon. Next week The Martin Lewis Money Show is dedicating a major part of the show to dealing positivity with the new overdraft charges.  I strongly suggest you watch, even if you are financially sound.  With the uncertainly of recent world events, it would be wise to keep abreast.

Stay blessed everyone, and if you can, pass this post onto as many people as you can. Spread the message, you can help someone, and that’s a great thing to do.

 

The Martin Lewis Money Show

Monday 13th January 2020

ITV, 8pm and ITV+1, 9pm