Co-operative cuts interest on savings, but not mortgages
The Co-operative Bank is lowering interest-paid on savings accounts whilst maintaining interest charged on mortgages.Following the Bank of England’s January base rate cut, the bank said it is reducing interest on savings accounts by 0.25%.It reassured customers that interest rates on main savings accounts would not drop below 1%.However, despite the cut to savers’ rates, [...]
Co-operative cuts interest on savings, but not mortgages
