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Savers Interest Rate Up 1 September 2006

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Just had notification that Alliance and Leicester are increasing the annual interest rate by 0.25% on their online saver from 1 September 2006.

Didn't expect this to happen for a few months yet.

Its now only 0.1% under the bank of england rates, but then again it was 5.35% when I took it out over a year ago.

Some positive news for savers though.

On the downside - American Express are cutting their Moneyback percentages by 50%, ie down from 1% to 0.5% Moneyback spends, I expected this coming with all the defaulting on debt occurring.


Edited by Johnny

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