Savings Rate Wire - Product Update 10th October

skoolmaster

10TH OCTOBER - SAVINGS UPDATE

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Close Brothers
1 YEAR FIXED RATE BOND paying 7.00% withdrawn with immediate effect.

Manchester BS
variable rates will be reduced by up to 1.00% w.e.f. 12.11.08. PREMIER INSTANT (-1.00%): £1K - 0.05% (-0.46%), £5K - 0.51%, £10K - 0.76%, £25K - 1.01%, £50K - 1.26%, £100K - 1.46%. MONEY BY MAIL 90 MONTHLY (-0.96%): £1K - 3.79%, £100K - 3.89%

Cambridge BS
FIXED RATE BOND Issue 9 paying 6.10% and FIXED RATE BOND Issue 10 paying 5.10% will be withdrawn w.e.f. close of business 10.11.08

Cheltenham & Gloucester
FIXED RATE BOND Issue 42 paying up to 6.00% will be withdrawn w.e.f. close of business 10.11.08

Alliance & Leicester
FIXED RATE BOND paying 6.00% withdrawn w.e.f. 7.11.08

Dudley BS
GOLD FIXED RATE BOND paying 5.75% withdrawn with immediate effect.

Derbyshire BS
FIXED RATE BOND Issue 165 paying 6.00% withdrawn with immediate effect.

Abbey
FIXED RATE BONDS, 50+ BOND and CHILDRENS SAVINGS BOND withdrawn w.e.f. 9.11.08

Northern Bank (NI)
variable rates reduced by up to 1.50% w.e.f. 10.11.08

Halifax
selected fixed rates retiered and amended by up to 1.00% w.e.f. 8.11.08

Cheshire BS
FIXED RATE BONDS, FIXED RATE ISA and BLACK CAT BOND launched w.e.f. 8.11.08

The Co-operative Bank
selected variable rates reduced by 1.50% w.e.f. 6.11.08. SAVINGS PLUS: 2.50%. PRIVILEGE SAVINGS: 2.70%. PRIVILEGE PREMIER SAVINGS: £1 - 2.90%, £100K - 3.00%

Nationwide BS
FIXED RATE products withdrawn and replaced paying reduced rates rates w.e.f. 8.11.08

Mansfield BS
POSTAL TRACKER THREE 2nd Issue and FIRST CLASS TRACKER 7th Issue reduced by 1.50% w.e.f. 7.11.08. POSTAL TRACKER THREE 2nd Issue: 3.10%. FIRST CLASS TRACKER 7th Issue: 3.30%

ICICI Bank UK
HISAVE FIXED RATES withdrawn and replaced paying reduced rates w.e.f. 7.11.08

Northern Rock
FIXED RATE ISAS Issues 85, 86 and 87 paying 6.00% withdrawn w.e.f. 7.11.08

Chesham BS
SAVE DIRECT 90 will be reduced by 0.50% to 4.75% w.e.f 24.11.08. Monthly option will also reduced

NatWest
CASH ISA (TRANSFERS IN) bonus reduced to 1.76% (previously 2.00%) w.e.f. 10.11.08. New rates are: £1 - 5.78%, £9K - 5.98%, £18K - 6.27%, £27K - 6.41%

Royal Bank of Scotland
INSTANT ACCESS CASH ISA (TRANSFERS IN) bonus reduced to 1.75% (previously 2.00%) w.e.f. 10.11.08. New rates are: £1 - 5.50%, £3K - 5.70%, £9K - 5.90%, £15K - 6.20%, £24K - 6.50%

Milarky

A few providers there cutting variable rates (by the same 1.50%) within a week of the BOE change.

Without checking - I wonder if they waited a full month from when they cut the rates last time?