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Are there banks that tend to decrease rates not as low as other banks?

SeanM42 · 2024-08-15 15:08:40

Yes, it's me again with another silly question. I have currently have a savings account with Marcus but their rate is dropping from 4.55% to 4.3% in a week, so will move everything but £1 into another account. Are there certain banks who are not so inclined to impose bigger cuts to rates than others? Cahoot presently seems…

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Hoenir Posts: 7,742 Forumite

17 August 2024 at 12:36AM

Zaul22 said:

Paragon are always high, but limited access.

Paragon Bank are heavily into BTL lending. Will tap the market for the tranche of funding required. Then close the product.

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