Bath BS Regular Savings account rate increased to 7.00%

quinlanmd

The fact that the account has gone locals only is reason enough to keep it open with at least a nominal balance.

Even if a rate rise isn't passed on (and I'm pleased to hear that Bath are passing on the 0.25% in September - maybe they were waiting for the BOE decision this month before finalising?) its worth keeping good accounts like this open as:
- some societies that don't pass on a rate rise when rates are heading up choose to balance this out when rates are heading down (usual reason being to protect borrowers when rates have increased significantly during a short space of time - much like the present position).
- account may become a closed issue, preventing one from returning to the account if the above happens.

Stavros_3

Isn't that a bit 'Region-acist allowing only locals to have an account lol