We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Are we seeing a slow rise in interest rates on savings accounts?

snowqueen555 · 2021-06-18 16:20:25

Was going to go for a 0.75%, then saw 0.85, 0.9% (which I have now locked in). There is now a 1% fixed bond now, so I'm wondering if this is the trend or just blip?

Comments

phillw Posts: 5,692 Forumite

21 June 2021 at 9:53PM

kuratowski said:

So overall the impact would be adverse. Mainly because everyone is currently positioned expecting the current low interest rates, so it would come as a shock.

Right, it would only happen if there was absolutely no choice. I don't think we are that close to financial Armageddon, but there is nothing to say that we won't be in the future.

0