this post was submitted on 01 Nov 2023
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[โ€“] JokeDeity@lemm.ee 1 points 2 years ago* (last edited 2 years ago) (1 children)

The banks aren't good on their word you fucking trog. They raise the interest rates after you borrow, that's not fucking playing fair by any means. Tell me your a scumbag banker without telling me.

[โ€“] Yawnder@lemmy.zip 0 points 2 years ago

No they don't. If you borrow at a variable rate, the rate will track with the reference rate (that the government changes, not the banks) both up and down.