More Savings Rates Rises

[1User]

Three more of my Building Societies have contacted me informing me of a rates rise:

Manchester Building Society have increased my Easy Save by 0.1%

Newbury Building Society who have increased my Members Account by 0.15%

Only Holmesdale Building Society - who should cease to exist after the end of September - have passed on the full 0.25% (mirroring the 0.25% change in the Bank Base rate.)

1User

[Happybagger]

Newbury squeezing a bit extra from their savers by delaying until 13 Sept. 6 weeks after the base rate change

[planteria]

it is a poor showing from the Building Societies. at the same time, straightforward Instant Access Savings Accounts are not really a good option anywhere in the current market.

[Happybagger]

As santander's current account pays 1.5% (this is not set to rise after the recent rate change) I can't see much of a reason for any instant access account for the majority of people

[planteria]

no, nor can i. i have them, as a bagger, and also because i can take a loan each year which i need to repay in full and don't want to put the funds at risk.. but for most people an Instant Access Savings Account is pointless.