Savers should be wary about how much their savings accounts interest rates are dropping following Thursday's rate cut, after some rates have been cut much more than the 0.25% Bank Of England cut.
Saga dropped the interest rate on its one year fixed rate account by 0.85%, or 0.26% for the internet based account. At the same time the Nationwide has only passed on a cut of 0.17% or less to its savers.
If you shop arround some banks and building societies are bringing out new account offers that might be well worth your while.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment