Interest Rate Rises

[Sarah]

[Sarah]

There's speculation that the Bank Of England might need to step in with an emergency interest rate hike, after the £ hit an all-time low of $1.03 this morning.

https://www.bbc.co.uk/news/business-63030208
https://www.bbc.co.uk/news/live/business-63031372

[Richard Frost]

Yes there was a brief discussion about an emergency meeting the next scheduled one is in November I think, but the Bank put out a no comment.

[Sarah]

Newcastle One Year Fixed Rate Bond (Issue 61) 4.1%
https://www.newcastle.co.uk/savings/fix ... d-issue-61

[pabenny]

Best one-year fix before the last rate rise was around 3.3%. That Newcastle rate looks to be pricing in more rises (no real surprise there). I think I'll wait a little longer before committing to a 1 year fix.

[Sarah]

Barclays Rainy Day Saver easy access 5.12% on balances up to £5,000 for Blue Rewards members:
https://www.barclays.co.uk/savings/inst ... day-saver/

[Sarah]

Shawbrook 1 Year Fixed Rate Bond (Issue 80) 4.0%
https://www.shawbrook.co.uk/direct/savi ... ixed-rate/

Virgin Money 1 Year Fixed Rate E-Bond (Issue 500) 4.0%
https://uk.virginmoney.com/savings/prod ... _issue_500

[Sarah]

Virgin Money M Plus Saver (easy access) now paying 2.02%; the same as their M Plus current account:



https://uk.virginmoney.com/current-acco ... lus-saver/

[expressman33]

Secure Trust Bank 2 year fix 4.55% https://www.securetrustbank.com/savings ... rate-bonds

[Sarah]

Santander eSaver Limited Edition 2.75% AER/gross (variable) for 12 months
https://www.santander.co.uk/personal/sa ... ngs/esaver