Base rate increase fails to deliver for the majority of UK savers¹

When the Bank of England Monetary Policy Committee announced that bank base rate would increase from 0.50% to 0.75% on 2nd August 2018 it must have been music to the ears of hard-pressed savers up and down the country. But more than two months later the reality for many account holders is that they have once again been let down by their banks and building societies, with only 17% of savings accounts passing the full 0.25% increase on to their customers.

Nicholas Walter

It's Time for Cash Savings Providers to Play Fair

With interest rates at historical low levels, savers have received pitiful returns on their cash. In most cases they have received ‘negative’ returns when they consider the interest rates being offered on savings products...