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  1. #1
    Contributor 1User
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    More Savings Rates Rises

    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

  2. #2
    Junior Member Happybagger is an unknown quantity at this point
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    Newbury squeezing a bit extra from their savers by delaying until 13 Sept. 6 weeks after the base rate change

  3. #3
    Expert planteria will become famous soon enough
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    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.

  4. #4
    Junior Member Happybagger is an unknown quantity at this point
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    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

  5. #5
    Expert planteria will become famous soon enough
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    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.

  6. #6
    Junior Member Happybagger is an unknown quantity at this point
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    Probably interesting to point out the societies that have raised their mortgage rate but not made any changes to ANY savings rates.

    Bath BS
    Darlington BS
    Loughborough BS
    Nottingham BS

    have all left savings rates completely untouched

    Penrith BS only made very small changes, as did Coventry BS

    Any others for shaming?


 

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