OakNorth Bank Fixed Rate interest increase

Hattie627

I have an OakNorth  9 month fixed rate account maturing on 17 April. A couple of days ago I was invited to enter maturity instructions online and I decided (in view of the declining rate trajectory) to go for a full rollover of capital and interest into a further fixed rate for 1 year at 5.11%, this was stated to be a preferential rate for maturing accounts. I've just received an email today saying that the rate will actually be 5.16%. Very surprised, but pleased of course. Maybe the holding of the base rate yesterday has something to do with this, the previously given rate of 5.11% having factored in a fall yesterday.