charting interest rate rises – 1st Egg, 2nd Abbey

woody3rd

I have just looked at XE.com and Ing Direct are advertising 4.95% but I can't find it on their web site ???
Anyone else seen it

woody3rd

Sorry My mistake it's still 4.7%

MiserlyMartin

Ok maybe I was being a bit picky about ING 'loss of interest' while moving money around.

SO.... here we are again. Just when finally Nationwide and co have announced their increases from last month, we have got another rate rise. My guess is that Nationwide will drag their heels again with this one.

All eyes on ING to increase the full 0.25% but I guess it will be 0.20%. Yes they were base rate+0.45% but A&L have beaten them off. I wonder if A&L will move upwards too. I will keep you posted if I hear anything before you do!

bonecold1

IF have actually put their interest rates up by the full 0.25% this time

The Cash ISA goes up to 4.85% and their Savings a/c goes up to 4.5% on 25th June.

MiserlyMartin

Still no word on an increase.

I have emailed ING's PR dept to ask them what they are planning to do about keeping their competitive margin by increasing rates. I also said that should rates not go up I will have to reconsider my personal recommendations to other people to invest in ING's account and my intention to invest considerable sums with them myself. I will let you know their response.

picasso

Received email from Cahoot today. Basically they are passing the recent 0.25% interest rate rise on from about the 1st week in July (About the 8th I think as I deleted the email).

AER will then be 4.85% (up to 1/4 million pounds!!!!).

Kazza242

Derbyshire Building Society are increasing the interest rate on their regular saver account from 5.4% to 5.65% on 1 July 2004.

http://www.moneyfacts.co.uk/savings/charts/savings_regular.htm