MSE News: UK base rate decision looms - what it means for you

footyguy

RG2015 wrote: »

People are talking about good news for savers. Can somebody post here with details of any savings rate that is increasing after today's decision

Details in the article

Oblivion

I really can't get excited about a 0.25% increase. 1.00% might have made some sense.

RG2015

footyguy wrote: »

Details in the article

Thank you. I hadn't expected banks to be giving anything to savers so soon.

Kim_13

Might be stuck at 0.5% for another 7 years for all we know.

Speculator

Yorkshire BS announced they will increase Savings rates.

Hope they increase the rates of our N&P eFamily/Family regular savers.

Been stuck at around 3.25% for 8/9 years.

jimjames

Speculator wrote: »

Yorkshire BS announced they will increase Savings rates.

Hope they increase the rates of our eFamily/Family regular savers.

Been stuck at around 3.25% for 8/9 years.

Extremely unlikely. Rates that high are not linked to the base rate as per my previous post. Did they drop 0.25% last year?

westv

Presumably NS&I rates might be going up at some point.

Speculator

jimjames wrote: »

Extremely unlikely. Rates that high are not linked to the base rate as per my previous post. Did they drop 0.25% last year?

0.10% I think.

Speculator

jimjames wrote: »

Extremely unlikely. Rates that high are not linked to the base rate as per my previous post. Did they drop 0.25% last year?

On the YBS website it says

"The Society is pleased to announce that we will be adding the full Bank Rate increase of 0.25% to all our variable rate accounts"

Hope it includes their N&P accounts.

Edit: It says the same on their N&P website.

jimjames

Speculator wrote: »

"The Society is pleased to announce that we will be adding the full Bank Rate increase of 0.25% to all our variable rate accounts"

Is the regular saver a variable rate account? Mine certainly isn't as the rate is fixed for the duration of the account.