Sunday, February 22, 2009

‘If banks start offering better fixed rate savings it can only mean one thing…..'[Fred]

Rates war on the cards for savers

''Savers are poised to enjoy a bonanza of higher interest rates in the coming weeks — after suffering months of falls — as desperate banks and building societies vie for cash to rebuild their balance sheets. Abbey and Nationwide launched new leading fixed-rate bonds last week, and a cash Isa war is in the offing in the run-up to the end of the tax year.''

Posted by hpwatcher @ 09:03 PM (1037 views)
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2 thoughts on “‘If banks start offering better fixed rate savings it can only mean one thing…..'[Fred]

  • Not hurting for cash then !!

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  • A lot of banks increase their ISA rates in March and reduce them again in May. This is nothing new.

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