MSE News: UK base rate decision looms - what it means for you

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  • footyguy
    footyguy Posts: 4,157 Forumite
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    RG2015 wrote: »
    People are talking about good news for savers. Can somebody post here with details of any savings rate that is increasing after today's decision
    Details in the article ;)
  • Oblivion
    Oblivion Posts: 20,248 Forumite
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    I really can't get excited about a 0.25% increase. 1.00% might have made some sense.
    ... Dave
    Happily retired and enjoying my 14th year of leisure
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  • RG2015
    RG2015 Posts: 5,904 Forumite
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    footyguy wrote: »
    Details in the article ;)
    Thank you. I hadn't expected banks to be giving anything to savers so soon.
  • Kim_13
    Kim_13 Posts: 2,432 Forumite
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    Might be stuck at 0.5% for another 7 years for all we know.
  • Speculator
    Speculator Posts: 2,225 Forumite
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    edited 2 November 2017 at 2:29PM
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    Yorkshire BS announced they will increase Savings rates.

    Hope they increase the rates of our N&P eFamily/Family regular savers.

    Been stuck at around 3.25% for 8/9 years.
  • jimjames
    jimjames Posts: 17,619 Forumite
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    Speculator wrote: »
    Yorkshire BS announced they will increase Savings rates.

    Hope they increase the rates of our eFamily/Family regular savers.

    Been stuck at around 3.25% for 8/9 years.

    Extremely unlikely. Rates that high are not linked to the base rate as per my previous post. Did they drop 0.25% last year?
    Remember the saying: if it looks too good to be true it almost certainly is.
  • westv
    westv Posts: 6,084 Forumite
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    Presumably NS&I rates might be going up at some point.
  • Speculator
    Speculator Posts: 2,225 Forumite
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    jimjames wrote: »
    Extremely unlikely. Rates that high are not linked to the base rate as per my previous post. Did they drop 0.25% last year?

    0.10% I think.
  • Speculator
    Speculator Posts: 2,225 Forumite
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    edited 2 November 2017 at 2:37PM
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    jimjames wrote: »
    Extremely unlikely. Rates that high are not linked to the base rate as per my previous post. Did they drop 0.25% last year?

    On the YBS website it says

    "The Society is pleased to announce that we will be adding the full Bank Rate increase of 0.25% to all our variable rate accounts"

    Hope it includes their N&P accounts.

    Edit: It says the same on their N&P website. :)
  • jimjames
    jimjames Posts: 17,619 Forumite
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    Speculator wrote: »
    "The Society is pleased to announce that we will be adding the full Bank Rate increase of 0.25% to all our variable rate accounts"
    Is the regular saver a variable rate account? Mine certainly isn't as the rate is fixed for the duration of the account.
    Remember the saying: if it looks too good to be true it almost certainly is.
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