News Tag: rate cuts
March 9, 2009
Barclays has vowed to protect its savings account holders following the Bank of England's base rate cut last week.
The interest rate on Barclays savings accounts will be held unchanged despite the Bank of England cutting the base rate to a new record low of 0.5%, the bank said.
The bank also pledged to help borrowers by passing on the full ...
Barclays vows to protect savers against rate cuts
by David Masters
February 27, 2009
Nationwide has announced further cuts to interest rates on its savings accounts.
The building society said rates will be reduced by an average of 0.37%, with some accounts seeing cuts as large as 0.5%.
Forty percent of accounts will see no reduction in rates, the company assured savers, whilst one account will see rates increase.
The top rate on Nationwide's Regular Savings account will increase to ...
Nationwide cuts savers’ rates
by David Masters
January 23, 2009
Homeowners should use the Bank of England's recent rate cuts as an opportunity to overpay on mortgage payments, according to banking group HSBC.
Thousands of pounds worth of interest can be saved by tracker customers if they choose to overpay, HSBC said.
Tracker mortgages follow the Bank of England base rate. Consumers holding a tracker mortgage have seen their mortgage repayments fall dramatically ...
Don’t hoard cash; Overpay your mortgage
by David Masters
