B&b, Halifax Reduce E-saver Interest Rates

[No6]

Some of you may be aware of these changes already.

Bradford and Bingley e-saver was 5.10% down to 4.85%

Halifax e-saver was 4.90% down to 4.65%

[erd]

Some of you may be aware of these changes already.

Bradford and Bingley e-saver was 5.10% down to 4.85%

Halifax e-saver was 4.90% down to 4.65%

<{POST_SNAPBACK}>

Nationwide down to 4.75

Coventry to 4.5

Yorkshire to 4.5

Waiting for IF to change their rates ...

B&B are only changing their e-saver, not their ISA.

How long to wait to see who has the best rate after they have all dropped?

Edited September 1, 2005 by erd

[delboypass]

Cahoot had the decency to tell me but others like halifax didnt. Nice play.

looks like i might open one of those ICICI accounts...

All these UK banks looking to screw us.

At let at almost 5% gross - was looking good.

Does anyone else think this is a ploy to make savers think - whats the point and blow it all into the economy???

[No6]

Does anyone else think this is a ploy to make savers think - whats the point and blow it all into the economy???

<{POST_SNAPBACK}>

Yes, or of course go out and get a massive mortgage to help keep the housing market bubble afloat. They are taking in less in new mortgages, so they have to screw the profits out of someone.

I do wonder when IR's go back up, as they surely will in the next 6 months or so, whether the banks will be quick to pass on the IR increase on these accounts. I fancy what will happen is that you will get the banks trying to attract new money by having E-saver A/C, issue 2 or 3 or whatever, at the sexy new higher rate, while most of these e-accounts will gradually sink to IR's of less than 1.00%. That's what the banks usually do.