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Kaupthing Edge Increases Interest Rate to 6.55% AER

Jonbvn
Jonbvn Posts: 5,562 Forumite
Part of the Furniture 1,000 Posts
in Savings & investments
Good news!

From today (30 July) KE have increased the interest rate on their instant access account to 6.55% AER (6.36% gross).

http://www.kaupthingedge.co.uk/Default.aspx

I do hope this turns into a war for savers cash!
In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:

Comments

  • fiish
    fiish Posts: 831 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    My account just got opened yesterday. Sweet.
  • roddydogs
    roddydogs Posts: 7,479 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    wow a whole .05% more! Still better than nothing
  • Megalomaniac
    Megalomaniac Posts: 539 Forumite
    Yet another nail in the coffin for ICICI... account was closed with them and transferring monies between accounts as we speak. A lovely reward for finally leaving the worst online banking service I have ever used!
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    roddydogs wrote: »
    wow a whole .05% more! Still better than nothing

    Actually, it is (0.05/6.50)*100 = 0.77% more interest per annum:p
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • MiserlyMartin
    MiserlyMartin Posts: 2,284 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Interesting. They must be expecting a base rate rise. With some inflation predictions hitting 5% perhaps they know something we don't about the base rate finally rising.
This discussion has been closed.
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