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MSE News: Signs of a savings mini-revival as two top rates launch

Former_MSE_Callum
Posts: 696 Forumite



Two savings accounts have boosted their interest rates today to beat the previous market-leader, as the savings revival finally shows some signs of hotting up...
Read the full story:
'Signs of a savings mini-revival as two top rates launch'

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'Signs of a savings mini-revival as two top rates launch'

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Comments
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I wouldn't call these two beating the amazing top line rate of 1.33% by 0.1% and 0.2% as a revival.0
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During this Heatwave maybe just the cold comfort existing Coventry B.S savers who have seen rate cuts a few days ago despite no apparent Base Rate change needed. _pale_
https://www.coventrybuildingsociety.co.uk/consumer/help/savings/changes-to-rates/changes-to-rates-accounts.html0 -
0.01% = hotting up.
I'd be spinning this as 'more dismal savings accounts open'.0 -
It's getting silly - which bank will be first to go to three decimal places?0
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I think it's more the point that the previous top rate instant access is no longer a complete outlier, and there are many more matching or slightly beating their rate, which indicates that there may be a little bit of competition brewing in the instant access cash savings market. Interesting.(Although I could be wrong, I often am.)0
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