Base Rate now 5.0%

ashcarrot

Wh will be the first to raise their rates and who wont bother. Im eager to see how ICESave react (whether they give the full increase or only 0.05% which they need to) and how fast they react

mleonard79

yes I'll be interested to see how long it takes them all too - I won't hold my breath on it being quick!!

Mr_Mumble

First rate rise info:

IceSave 5.45% from November 15th
Post Office Instant Saver 5.25% from December 6th
M&S Money Cash ISA 5.00% from November 10th

http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=414509

mleonard79

Wow - that was quick!! I stand corrected - Well done those banks! :T

Big_O

NS&I's ISA tracks the Bank of England rate at +0.55%, so should already be up to 5.55%. Hurrah! (I'm assuming there's no lag in working out the interest added)

KTF

Mr_Mumble wrote:

IceSave 5.45% from November 15th

Wow! That is impressive. It A&L dont increase the rate of their Direct Saver from 5.38% then I know where I will be moving my money next.

Kazza242

Big_O wrote:

NS&I's ISA tracks the Bank of England rate at +0.55%, so should already be up to 5.55%. Hurrah! (I'm assuming there's no lag in working out the interest added)

The NS&I mini cash ISA rate rise to 5.55% is also reported on thisismoney's Has your savings rate risen page.

anniecave

ICICI will HAVE to rise to at least 5.25% as they guarantee to be .25% above BOE rate

http://icicibank.co.uk/personal-banking/legal.html

ReportInvestor

Mr_Mumble wrote:

IceSave 5.45% from November 15th

:T

Way to go :beer: . That'll show our lazy UK banks and BSs .

Kazza242

The Coventry BS First, current/savings account, currently paying 5.35% AER, will increase to 5.60% because they guarantee their rate will be 0.60% AER above BOE base rate*.:T

*For a year from the date the account is opened

[Deleted User]

ReportInvestor wrote:

:T

Way to go :beer: . That'll show our lazy UK banks and BSs .

I do hope that stands for Building Societies.