Maybe hope for some decent savings rates to be launched?

SavingsBoo

I thought this was interesting. Not holding my breath but I did enjoy the crazy days of last summer where the interest rates and deals were changing every day! 
Race for UK banks to repay £100bn in Covid loans could help savers | Banking | The Guardian

mebu60

Someone needs to tell the savings institutions! BoE base rate cut on 1 August currently being felt across the board, no sign yet of anyone desperate to buck the trend.

jameseonline

mebu60 said:

Someone needs to tell the savings institutions! BoE base rate cut on 1 August currently being felt across the board, no sign yet of anyone desperate to buck the trend.

Sorry did you miss the Virgin Money Regular Saver?

slinger2

Presumably they'll leave it to the last minute to raise the money.

mebu60

jameseonline said:

mebu60 said:

Someone needs to tell the savings institutions! BoE base rate cut on 1 August currently being felt across the board, no sign yet of anyone desperate to buck the trend.

Sorry did you miss the Virgin Money Regular Saver?

RSs at £250 pcm aren't going to raise the sums mentioned in the article. The VM RS is a (most welcome) outlier but EA and fixed term bond rates are falling as indeed are RS rates generally. 

jameseonline

But it's a regular saver that bucks the trend😏

t1redmonkey

There will always be some regular savers being launched well above the base rate, so I'm sure there will be more of those to come at least (I remember when the First Direct 7% one got bumped up towards the end of 2022, which if I remember correctly, was more than double what the base rate was at the time).

Hoenir

Recently more was repaid one month on existing mortgages than new borrowing advances. Financial institutions sometimes aren't in need of new deposits from savers. 

ToastLady

No one has told Halifax, got notification that their very generous 1.45% on Everyday Saver (that they opened when I opened a RS) has reduced to 1.30%. It will remain at £0.

InvesterJones

We could see more bond offers, or fixed rate terms improving, that way the banks don't have to worry about any short term deposits suddenly going elsewhere.

ranciduk

ToastLady said:

No one has told Halifax, got notification that their very generous 1.45% on Everyday Saver (that they opened when I opened a RS) has reduced to 1.30%. It will remain at £0.

All fixed bonds reduced today too!