Social Icons

Tuesday, August 9, 2016

Bank Rate falls: all the savings rate cuts we know about so far

Airdrie Savings Bank


Date of cut August 5


Cash Isa cut from 0.75pc to 0.5pc


90 day notice (premium) accounts cut to 0.05pc, 0.1pc, 0.15pc and 0.2pc depending on exact account


West Bromwich Building Society


Date of cut August 8


Easy access accounts cut by 0.2 percentage points to 0.05pc (Base Rate Tracker, Direct Tracker Saver, Oak Savings Account), and Premier Bonus Tracker Plus cut from 0.35pc to 0.1pc


Acorn Children's Regular Saver cut to 0.75pc from 1pc 


National Counties Building Society


Date of cut August 9


Notice accounts cut by 0.14 percentage points (Monthly High Income) and 0.15 percentage points (90 day accounts), now pay either 0.9pc or 1pc depending on exact account


Punjab National Bank


Date of cut August 10 (planned)


Variable Rate Cash Isa cutting by 0.4 percentage points, to 1.05pc


Date of cut September 20 (planned)


Easy access Isa cutting from 1.05pc to 0.5pc


Beverly Building Society


Date of cut August 15 (planned)


Easy access Isas cutting from 1.3pc and 1.4pc to 1.05pc and 1.15pc respectively


Reliance Bank


Date of cut September 1 (planned)


Easy access Isa cutting from 1pc to 0.5pc


Children's accounts cutting from 1.5pc to 1pc (KIDZ and TEENZ accounts)


Penrith Building Society


Date of cut September 1 (planned)


Notice accounts cutting by between 0.1 percentage points and 0.25 percentage points (affects Eden Shares 90 day, Beacon Shares, Monthly Income Shares, Eden Shares 30 day)


Easy access accounts cutting from 0.6pc to 0.5pc, and 0.8pc to 0.6pc (Instant Access Shares, depending on balance)


Easy access Isas cutting by 0.25 percentage points (Isa issue 2, APS Isa, Isa issue 1)


Regular savers cutting by 0.25 percentage points (Regular Saver 200) and 0.5 percentage points (Regular Saver 300)


Help to Buy Isa cutting from 4pc to 3pc


Junior Isa cutting from 2.25pc to 2pc


Children's accounts cutting by 0.25 percentage points (Junior Affinity Regular Saver) and 0.15 percentage points (Junior Saver Shares)


Dankse Bank


Date of cut September 18 (planned)


Easy access Isas cutting by 0.3 percentage points, 1.5 percentage points, and 0.6 percentage points, depending on exact account


Easy access account cutting from 0.5pc to 0.25pc


FirstSave


Date of cut September 30 (planned)


60 day notice account cutting from 1.35pc to 1pc


Al Rayan Bank


Date of cut November 11 (planned)


120 day notice account cutting from 1.8pc to 1.5pc


Notice cash Isa cutting from 2pc to 1.55pc



Are there any decent rates still out there?


Providers are expected to make further cuts in the next few weeks, so savers are advised to act quickly when they see a good fixed deal to guarantee the rate.


The best one-year bond pays 1.6pc and is offered by Ikea owned Ikano Bank. The Swedish provider is not covered by the Financial Services Compensation Scheme, which protects deposits of £75,000.


Instead Ikano subscribes to the European equivalent, which covers savings of up to €100,000. If the bank went bust you would claim in the same way as in the UK, although you could face language and exchange rate issues.


Paragon Bank’s one-year bond pays 1.55pc and is protected by the FSCS.


An 18-month bond offers a slightly higher rate – savers could get 1.65pc from the Bank of Cyprus UK.


Paragon Bank offers the best two-year bond, paying 1.8pc, and Ikano Bank’s three-year bond pays 1.9pc.


Rates on variable accounts can change at any time. Currently RCI Bank's easy-access Freedom Savings account pays the top rate of 1.45pc.


High-interest current accounts can pay up to 5pc on small balances; they include Nationwide's FlexDirect and TSB's Classic Plus account. These accounts can offer great returns to savers - as long as they last.


Have a question for our experts? Email moneyexpert@telegraph.co.uk. The best of the answers are included in our weekly newsletter



Source : www.telegraph.co.uk/

No comments:

Post a Comment

Category Of Mobile Courses

Actualités (644) Adsense (1) Affiliation (1) Algebraic Topology (1) Algorithmic (1) all-news (30) Android (5) Android App (8) Android app without code (4) Android Apps (167) Android Development (4) Android download (2) Android OS (3) AngularJS (1) Automata theory and formal language (5) C programming (5) Category and Functor (8) CMS (3) Computer Glossary (18) Create Mobile App With Ionic Framework (2) CSS (2) CSS-Cascading-Style-Sheets (4) Developpement Java (13) Differential Geometry (1) Django-Python-Framework (8) dropshiping (26) Earn Money by Internet (4) Emplois (23) Framework php (2) Fraud (2) HTML (7) Java For Beginners (10) Javascript (12) Kotlin Programming Language (8) Kotlin For Mobile Android (1) Linux Download (2) Marketing (5) Mobile (3) Mobile Courses (4) Mobile Marketing (4) MoneyGram (1) News (721) Node.js (5) Open Source (1) Photoshop (1) Protect Computer (1) Python (32) Python BeautifulSoup (1) Python For Data Science (2) Python-Books (6) Python-DVD-Training (1) Python-Exercises (121) Python-Framework (1) Python-IDE (1) Python-Modules (1) Python-pdf (2) Python-pyQt (1) Référencement (2) Script PHP (2) Security (6) SEO (1) Snipping Tool: Faq (1) Social Networks (1) Source Code (1) Statistics With SPSS (2) Surveillance Software (1) Travail à domicile (6) Tutoriels php en vidéos (2) Tutoriels-MySql (6) tutoriels-php (19) Utilitaires (1) VPS (1) Web Hosting (1) Webcam (1) Webmarketing (11) Western Union (1) Windows 10 (1) Windows 7 (4) Windows 7 Faq (2) Windows 8 (1) Windows Accessories (1) Windows Download (8) Windows Drivers (1) Windows Fonts (1) Windows Power Shell (2) Windows Registry (2) Windows Security (18) Windows Software (2) Windows Spyware (2) Windows utilities (3) Windows Virus (2) Windows Vista (3) Windows Wireless (1) Windows xp (1) Wordpress (1)
 

Sample text

Sample Text

 
Blogger Templates