negative interest rates

Money, investing, mutuals etc
Sarah
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Re: negative interest rates

Post by Sarah » Thu May 05 2022 1:36pm

The BoE base rate rise to 1.00% confirmed.
The Bank of England has warned the UK economy will shrink this year as it raises interest rates to try and stem the pace of rising prices.

Rates rose to 1% from 0.75%, their highest level since 2009 and the fourth consecutive increase since December.
https://www.bbc.co.uk/news/business-61319867

pabenny
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Re: negative interest rates

Post by pabenny » Wed May 11 2022 10:27am

Coventry BS have again increased the rate on my existing regular saver - it's now 1.65%.

All credit to them - they could have left the rate unchanged as existing balances are effectively locked in and most people wouldn't bother to stop monthly payments.

Sarah
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Re: negative interest rates

Post by Sarah » Fri May 13 2022 12:22pm

Ford Money
In line with Our Best Rate Guarantee we’re increasing the interest rate on our Flexible Saver effective 13th May 2022 as follows:

Current rate New higher rate
1.00% Gross 1.14% Gross
Not bad; this beats Marcus and Virgin Money M Plus Saver right now; but Chase UK at 1.50% still a much better rate for easy access.

https://www.fordmoney.co.uk/savings-pro ... ible-saver

planteria
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Re: negative interest rates

Post by planteria » Tue May 17 2022 12:23pm

pabenny wrote:
Wed May 11 2022 10:27am
Coventry BS have again increased the rate on my existing regular saver - it's now 1.65%.
good on cash in this climate. still alright with a no hassle, minimal opportunity cost, £100 account though :mrgreen:

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