Savings Update - 17th-18th November

skoolmaster

SAVINGS UPDATE - 17TH-18TH NOVEMBER

Bath BS
FIXED RATE BOND Issue 2 paying 5.85% withdrawn w.e.f. close of business 6.11.08

Saffron BS
TRACKER BOND and MEMBERS TRACKER BOND launched w.e.f. 17.11.08

Kent Reliance BS
DIRECT ONE and TWO YEAR FIXED RATE BONDS will be withdrawn w.e.f. 5.00pm 20.11.08

Newcastle BS
INFLATION PROTECTOR BOND and ISA paying 2.25% plus a link to RPI will be withdrawn w.e.f. close of business 19.11.08

Alliance & Leicester
6 MONTH and 3 YEAR FIXED RATE BONDS paying 4.50% and 4.00% respectively launched w.e.f. 19.11.08.

Barclays Bank
1 YEAR FIXED RATE SAVINGS BOND Issue 40 withdrawn w.e.f. 18.11.08 and Issue 41 and 9 MONTH FIXED RATE SAVINGS BOND Issue 9 launched w.e.f. 19.11.08

National Savings & Investments
selected variable rates amended by up to 1.50% w.e.f. 19.11.08 and Premium Bond prize fund will reduce by 1.05% to 1.80% w.e.f. 1.12.08

Birmingham Midshires
INTERNET 6 MONTH FIXED RATE BOND launched 11.11.08: a six month fixed term internet operated account with a minimum investment of £1 paying 5.75% on maturity (5.68% monthly). No earlier access permitted. Further additions permitted whilst issue remains open

Stroud & Swindon BS
BRANCH RESERVE paying 4.20% and 40 DAY NOTICE paying up to 3.30% will be withdrawn w.e.f. close of business 19.11.08.

Royal Bank of Scotland
FIXED RATE BOND Issue 282 withdrawn and Issue 283 launched w.e.f. 17.11.08

NatWest
2 YEAR FIXED RATE BOND Issue 103 withdrawn and Issue 104 launched w.e.f. 17.11.08

Julian Hodge Bank
CAPITAL MILLENNIUM BONDS and FIXED RATE CASH ISAS suspended to new applications w.e.f. 7.11.08

Yorkshire Bank
TERM DEPOSITS and CHILDS SAVINGS BOND reduced by up to 1.27% w.e.f. 17.11.08

Teachers BS
FIXED RATE BOND Issue 52 launched w.e.f. 18.11.08: a fixed term postal account maturing 30.11.09 with a minimum investment of £500 (£10K for monthly option) paying 4.50% on maturity (4.41% monthly). Earlier access on 90 day loss of interest. Additions permitted whilst issue remains open

Clydesdale Bank
TERM DEPOSITS withdrawn and replaced paying reduced rates w.e.f. 17.11.08. 3 MONTH: 3.94% (-1.21%). 6 MONTH: 4.16% (-1.27%). 12 MONTH: 5.00% (-1.00%). 3 YEAR: 5.50% (-0.60%). CHILD'S SAVINGS BOND: 5.60% (-0.40%). Monthly options also reduced. All other terms and conditions remain unchanged

Julian Hodge Bank
variable rates reduced by 1.50% w.e.f. 18.11.08. SAVINGS ACCOUNT: £1K - 0.50%, £5K - 1.00%, £10K - 1.50%, £50K - 2.00%. EIGHT DAY NOTICE: £1K - 1.00%, £5K - 1.50%, £10K - 2.00%, £50K - 2.50%. EXTRA HIGH INTEREST DEPOSIT: £1K - 1.50%, £5K - 2.00%, £10K - 2.50%, £50K - 3.00%, £100K - 3.10%. Monthly options also reduced

Laiki Bank
6 MONTH FIXED DEPOSIT paying 6.59% and 1 YEAR FIXED DEPOSIT paying 6.70% withdrawn with immediate effect.

Chorley & District BS
12 MONTH FIXED RATE BOND issue 5 paying 5.75% withdrawn w.e.f. 17.11.08 and WORDEN Issue 2 withdrawn w.e.f. 30.10.08

Egg
EGG CASH ISA will re launched w.e.f. 14.11.08: a no notice internet operated Cash ISA with a minimum investment of £1 paying 4.55% yearly. Rate guaranteed to be at least equal to Bank Base Rate to 5.4.09. Transfers in not permitted. Transfers out permitted without penalty

Investec Bank (UK)
HIGH 5 rate will reduce by 0.21% to 6.18% w.e.f. 19.11.08. Monthly option will also reduce

National Counties BS
30th ISSUE SAVINGS BOND will be launched w.e.f. 19.11.08: a six month fixed term account with a minimum investment of £1K (£5K for monthly option) paying 4.76% on maturity (4.72% monthly). Earlier access permitted subject to 120 day loss of interest. No additions permitted. Maximum investment £100K

Abbey
SUPER SAVER Issue 3 launched w.e.f. 18.11.08

Capital One Savings
selected FIXED RATE BONDS will be reduced by up to 0.25% w.e.f. 22.11.08. 1 YEAR: 4.10% (-0.20%). 2 YEAR: 3.40% (-0.25%). 3 YEAR: 3.65% (-0.20%). 4 YEAR: 3.80% (-0.20%). Monthly options will also be reduced. All other terms and conditions remain unchangeD

FirstSave
30 DAY NOTICE paying 4.00% and 90 DAY NOTICE paying 4.50% will be launched w.e.f. 20.11.08
18 Nov 2008

1 YEAR FIXED RATE BOND will be launched w.e.f. 20.11.08: a one year fixed term internet operated account with a minimum investment of £1K (£5K for monthly option) paying 4.50% on maturity (4.41% monthly). Earlier access and further additions not permitted

Post Office®
variable rates reduced by 1.50% w.e.f. 18.11.08. INSTANT SAVER: 3.75%. CASH ISA: 4.25%

Wesleyan Bank
selected fixed rate savings will be amended by 0.25% and 1 and 2 year FIXED RATE DEPOSIT launched and 5 year FIXED RATE DEPOSIT withdrawn w.e.f. 24.11.08

ASDA
INTERNET SAVINGS reduced by 1.50% to 3.75% w.e.f. 16.11.08. Monthly option also reduced

Wesleyan Bank
variable rates will reduce by up to 1.80% w.e.f. 24.11.08. CLASSIC: £100 - 1.00% (-1.80%), £1K - 1.75% (-1.55%), £5K - 2.50% (-1.55%). CASH ISA: £10 - 2.50% (-1.80%), £100 - 3.00% (-1.50%), £3,001 - 3.50% (-1.10%), £9K - 3.75% (-0.90%

Triodos Bank
RENEWABLE ENERGY BOND paying 4.75% withdrawn w.e.f. 10.11.08

FirstSave
EASY ACCESS will be reduced by 1.50% to 3.25% w.e.f. 20.11.08. Monthly option will also be reduced

Abbey
SUPER FIXED RATE REWARD SAVER paying 5.00% will be withdrawn w.e.f. close of business on 17.11.08

Newcastle BS
FIXED RATE REGULAR SAVER paying 10.00% withdrawn with immediate effect.

Birmingham Midshires
INTERNET 1 YEAR FIXED RATE BOND launched 17.11.08: a one year fixed term internet operated account with a minimum investment of £1 paying 5.60% on maturity (5.46% monthly). No earlier access permitted. Further additions permitted whilst issue remains open

SAGA
6 MONTH INTERNET FIXED RATE SAVINGS paying 5.70% and 1 YEAR INTERNET FIXED RATE SAVINGS paying 5.55% due to be launched 13.11.08 postponed until 17.11.08

The Co-operative Bank
FIXED TERM DEPOSITS reduced by up to 1.00% w.e.f. 17.11.08. 1 YEAR: 4.25% (-1.00%). 2 YEAR: 4.50% (-0.75%). 3 YEAR: (-0.50%). Monthly options also reduced. All other terms and conditions remain unchanged

HSBC
HIGH INTEREST DEPOSIT BONDS and ONLINE HIGH INTEREST DEPOSIT BONDS reduced by up to 1.65% w.e.f. 13.11.08. 3 MONTH: 3.00% (-1.00%). 6 MONTH: 3.00% (-1.60%), 1 YEAR: 3.15% (-1.65%), 2 YEAR: 3.15% (-1.25%), 3 YEAR: 3.15% (-1.25%). Monthly options also reduced

HSBC
variable rates reduced by up to 1.49% w.e.f. 13.11.08

Investec Bank (UK)
Sterling and Euro DIRECT RESERVE reduced by up to 1.50% w.e.f. 14.11.08. Sterling DIRECT RESERVE Issue 3: £25K - 2.80% (-1.45%), £50K- 3.00% (-1.35%), £100K - 3.20% (-1.40%), £250K - 3.20% (-1.50%), £500K - 3.30% (-1.50%). Euro DIRECT RESERVE (-0.50%): € 50K - 2.65%, €75K - 2.85%, €150K - 3.05%, €375K - 3.25%. Monthly options also reduced

Triodos Bank
Personal savings rates reduced by up to 1.50% w.e.f. 12.11.08

Stroud & Swindon BS
BONUS GUARANTEE launched w.e.f. 17.11.08: an instant access account with a minimum investment of £500 (£5K for monthly option) paying 4.75% yearly (4.65% monthly). Minimum transaction £100. Rate guaranteed to be 1% above Base Rate until 31.12.09.

National Counties BS
variable rates will reduce by 0.30% w.e.f. 24.11.08. DIRECT ACCESS SHARE: £1 - 4.41%, £50K - 4.65%. DIRECT 90 NOTICE: £5K - 4.56%, £50K - 4.75%, monthly option will also reduce. MONTHLY SAVER: 4.65%. 2nd Issue CASH ISA: 4.96%. GUARANTEED CASH ISA 2008/9: 5.71%

Skipton BS
PICK'N'FIX Issue 53 and ONLINE PICK'N'FIX Issue 53 paying up to 4.55% will be launched w.e.f. 18.11.08

Dunfermline BS
CHRISTMAS SAVER paying 5.50% will be withdrawn w.e.f. close of business on 17.11.08

Bradford & Bingley
variable rates reduced by up to 1.50% w.e.f. 16.11.08

Halifax
selected fixed rates retiered and reduced by up to 0.90% w.e.f. 17.11.08

Newcastle BS
FIXED RATE OPTIONS BOND/CASH ISA Issue 26 launched w.e.f. 17.11.08

Dunfermline BS
FIXED RATE BOND Issue 42 will be launched w.e.f. 18.11.08: a fixed term account maturing 31.1.10 with a minimum investment of £100 paying 4.50% on maturity (4.35% monthly). Earlier access not permitted. Further additions allowed whilst issue remains open

Sainsbury's Finance
variable rates reduced by up to 1.50% w.e.f. 14.11.08. INSTANT ACCESS (-1.50%): £1 - 1.55%, £2.5K - 1.70%, £10K - 1.80%, £25K - 2.00%, £100K - 2.20%, monthly option also reduced. DIRECT SAVER: £2.5K - 2.30% (-1.45%), £10K - 2.35% (-1.45%), £25K - 2.50% (-1.50%), £100K - 2.65% (-1.50%). INTERNET SAVER: 3.50% (-1.50%). PREMIER SAVER: 3.06% (-1.45%

martinman3

It will be very interesting to see how much the building societies cut their variable rates on savings accounts over the next few days. It will show whether they lean towards borrowers or savers.

Did you notice that National Counties BS cut their savings rates by only 0.3% in response to a 1.5% base rate cut ?
Though, as another cut is expected in Dec they could always make up for it next time.

Edit: Talk about confusing, this 0.3% cut is likely to be a very late response to the 0.5% cut in early October.
see http://forums.moneysavingexpert.com/showpost.html?p=16006781&postcount=5
Almost 2 months to respond ?