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Money Market Rates

valiant24

valiant24 Posts: 445 Forumite

Fifth Anniversary

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Name Dropper

16 May 2024 at 9:53AM in Savings & investments

Apologies: some oen sent me the appropriate link before but I can't now find it even with a forum search:

Which rate is it that Money Market Funds such as:
ROYAL LONDON BD FD RL SHT TERM MONEY MKT Y ACC (RLCBTY)

closely track please?

I'd like to get an idea of the current "interest rate".

Thanks
V

0

Comments

Aidanmc Posts: 1,274 Forumite

16 May 2024 at 9:58AM

Sterling Overnight Index Average (SONIA) 5.2%

1
ColdIron Posts: 9,765 Forumite

16 May 2024 at 9:58AM

SONIA, the Bank of England Sterling Overnight Interbank Average

1
gravel_2 Posts: 622 Forumite

16 May 2024 at 10:00AM edited 16 May 2024 at 10:00AM

If you look at the factsheet you will see the benchmark index is: Bank Of England Sterling Overnight Index Average (aka SONIA).

https://www.bankofengland.co.uk/boeapps/database/fromshowcolumns.asp?Travel=NIxSUx&FromSeries=1&ToSeries=50&DAT=RNG&FD=1&FM=Jan&FY=2014&TD=16&TM=May&TY=2024&FNY=&CSVF=TT&html.x=135&html.y=41&C=5JK&Filter=N

0
Bravepants Posts: 1,639 Forumite

16 May 2024 at 1:29PM

Here's quite a handy link too:

https://www.global-rates.com/en/interest-rates/sonia/

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