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Savings Accounts Guaranteed to Increase Rates (November edition)
Mr_Mumble
Posts: 1,758 Forumite
Back due to popular demand 
Please note: this list is for accounts with a guaranteed rate rise only. All interest rates are Annual Equivalent (AER), not gross. The lists exclude accounts with guarantees below the base rate and accounts where there is a bonus rate of less than a year.
Easy Access Accounts
Account Name: Current % AER or raised rate --> Minimum rate rise or announced rise (rate guarantee expiry date)
Coventry First (inclusive of bonus): 5.60 (1 year from opening)
IceSave Easy Access: 5.45 (1/10/09 br+0.25, 1/10/11 br)
ICICI: 5.45 (31/12/2007)
Bradford & Bingley ESavings 2: 5.35 (30/06/07)
Cheshire BS 50 Plus Freedom: 5.10 (31/12/10)
Northern Rock Silver Savings (not online): 5.00 (31/1/10)
Cahoot Savings (upto 250K): 5.00 (31/12/06)
Capital One Base Beater Savings: 5.05 (01/07/10)
Nationwide BS Monthly Income 65+: 5.02 (31/1/11)
Newcastle BS Bond 55: 5.00 on December 9th (5/4/10)
Egg Internet Only: 5.00 (31/12/07)
Halifax/BOS Guaranteed Saver: 5.00 (16/7/08)
Stroud and Swindon Branch Premier: 5.00 (30/09/08)
Limited Access or Withdrawals
Kent Reliance Direct Tracker Rollover Bond: 5.25 --> 5.50
Post Office - Instant Saver: 5.00 --> 5.25 on December 6th (1/1/08)
Derbyshire BS EasySave Tracker: 5.20 (1 year from opening)
Mansfield BS Postal Tracker Three Issue 2: 5.10
Nationwide BS Loyalty Tracker Bond (50K+): 5.00 on December 1st (2 year term)
Notice Accounts
Chelsea BS Double Guarantee: 5.25 --> 5.50 (2/5/07)
Dunfermline BS Base Rate Tracker 10: 5.22 (1/12/2006)
Catholic BS Ascension 45: 4.75 --> 5.00
Easy Access cash ISAs
NS&I Direct ISA: 5.55 (5/4/08)
National Counties Guaranteed ISA 06-07: 5.51
National Counties Guaranteed ISA 05-06: 5.26
IF Mini Cash ISA: 5.10 (31/12/07)
M&S Money ISA: 5.00 (31/12/07)
Natwest Mini Cash ISA: 5.00 (5/4/07)
Newcastle BS 55 ISA: 5.00 on December 9th (5/4/10)
Saga Secure ISA (first 12K): 4.75 --> 5.00 (1 year from opening)
Notice Period cash ISAs
Saffron BS Postal 180 Day Tracker ISA: 5.50
Dunfermline Base Rate Tracker ISA: 5.00 (30/06/08)
Please inform me if I've made mistakes, so many figures its bound to have happened
Please note: this list is for accounts with a guaranteed rate rise only. All interest rates are Annual Equivalent (AER), not gross. The lists exclude accounts with guarantees below the base rate and accounts where there is a bonus rate of less than a year.
Easy Access Accounts
Account Name: Current % AER or raised rate --> Minimum rate rise or announced rise (rate guarantee expiry date)
Coventry First (inclusive of bonus): 5.60 (1 year from opening)
IceSave Easy Access: 5.45 (1/10/09 br+0.25, 1/10/11 br)
ICICI: 5.45 (31/12/2007)
Bradford & Bingley ESavings 2: 5.35 (30/06/07)
Cheshire BS 50 Plus Freedom: 5.10 (31/12/10)
Northern Rock Silver Savings (not online): 5.00 (31/1/10)
Cahoot Savings (upto 250K): 5.00 (31/12/06)
Capital One Base Beater Savings: 5.05 (01/07/10)
Nationwide BS Monthly Income 65+: 5.02 (31/1/11)
Newcastle BS Bond 55: 5.00 on December 9th (5/4/10)
Egg Internet Only: 5.00 (31/12/07)
Halifax/BOS Guaranteed Saver: 5.00 (16/7/08)
Stroud and Swindon Branch Premier: 5.00 (30/09/08)
Limited Access or Withdrawals
Kent Reliance Direct Tracker Rollover Bond: 5.25 --> 5.50
Post Office - Instant Saver: 5.00 --> 5.25 on December 6th (1/1/08)
Derbyshire BS EasySave Tracker: 5.20 (1 year from opening)
Mansfield BS Postal Tracker Three Issue 2: 5.10
Nationwide BS Loyalty Tracker Bond (50K+): 5.00 on December 1st (2 year term)
Notice Accounts
Chelsea BS Double Guarantee: 5.25 --> 5.50 (2/5/07)
Dunfermline BS Base Rate Tracker 10: 5.22 (1/12/2006)
Catholic BS Ascension 45: 4.75 --> 5.00
Easy Access cash ISAs
NS&I Direct ISA: 5.55 (5/4/08)
National Counties Guaranteed ISA 06-07: 5.51
National Counties Guaranteed ISA 05-06: 5.26
IF Mini Cash ISA: 5.10 (31/12/07)
M&S Money ISA: 5.00 (31/12/07)
Natwest Mini Cash ISA: 5.00 (5/4/07)
Newcastle BS 55 ISA: 5.00 on December 9th (5/4/10)
Saga Secure ISA (first 12K): 4.75 --> 5.00 (1 year from opening)
Notice Period cash ISAs
Saffron BS Postal 180 Day Tracker ISA: 5.50
Dunfermline Base Rate Tracker ISA: 5.00 (30/06/08)
Please inform me if I've made mistakes, so many figures its bound to have happened
"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
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Comments
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What are your criteria for inclusion? It's just that I note that ICICI has (understandably?) been omitted. It does have a guarantee.
Good work btw. :T0 -
Can you add the A&L Direct Saver and ISA to the list?0
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Hi Stutster, I missed ICICI out accidentally.
Longwinded reason of why they were missed: I worked out the above from using the older August rate rise list and updated the info using moneyfacts. ICICI weren't on the old list (as their guarantee didn't require them to raise rates in August) while moneyfacts don't list ICICI.
KTF, I'll double check any missed accounts soon, don't think A&L have a rate guarantee? Best to check out thisismoney's interest rate update page, moneyfacts, moneysupermarket or the provider for individual accounts."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
Bump, plenty of activity.
Cahoot have been naughty, according to moneyfacts they've only increased by 0.20%, the minimum Cahoot could increase by under their guarantee and the first bank/bs not to pass on the full rise. A slight silver lining is that the rate increase was applied yesterday (but like the last rate rise no sign of this on Cahoot's website yet)."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
Mr_Mumble wrote:Bump, plenty of activity.
Cahoot have been naughty, according to moneyfacts they've only increased by 0.20%, the minimum Cahoot could increase by under their guarantee and the first bank/bs not to pass on the full rise. A slight silver lining is that the rate increase was applied yesterday (but like the last rate rise no sign of this on Cahoot's website yet).
great work...is there any indication of what Cahoot are likely to do once the "promise" ends?
thanks.0 -
ICICI have put up their rate from today, quite good actually, other banks tend to take a while to do it, Kudos to them!0
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Should the Coventry First account be added to this list?
Great help this, by the way. Thx0 -
From the Coventry First website...A guarantee that the AER (including the bonus) will be 0.60% AER above Bank of England Base Rate for a year from the date your account is opened.0
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On the other side of the coin, I note that Halifax has been very quick to hike its mortgage SVR by the full 0.25%, as per. :rolleyes:
Let's see how long it takes to adjust its mainstream savings accounts. I would suggest that they've all been caught on the hop by IceSaves immediate announcement, and will have to increase rates earlier than they would have 'liked', to stem an outflow of funds.0 -
I assume that 1 December will be when most of the rest up the rates.
Nothing from any of mine as yet"Success is the ability to go from failure to failure without losing your enthusiasm" (Sir Winston Churchill)0
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