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[Mr Skrunts]

I have just been checking my Halifax account.

Seems they have dropped the rate from

5.75% Gross

to

3.45% Gross.

No notification at all.  No letters


Been with them for over 33 Years, time for a change me thinks.

I have 2 accounts with them, just checked the 2md one that is a paperless account (email only) and no notifation at all.

[Mr Skrunts]

Yorkshire Building Society were paying 5.7%

Dropped to 5.5%

Still 2.0% better than HBS

[Kevin Wood]

Worth seeing how they stand after the dust has settled from yesterday's interest rate fall, but I suspect it will shuffle the rates around a bit. Worth having a look at a few comparison sites.

Kevin

[Mr Skrunts]

If anyone finds a good rate then please feel free to post it.

[Gaffers]

I think there is something morally worng when they are dropping their saving rates in line with Bank of England rate cuts but not their mortgage variable rates... speaks tones of hypocracy  

[Kevin Wood]

I think a lot of them are keeping their mortgage rates up so they can afford to offer attractive savings rates and attract depositors.

Regardless of the base rate the building societies still have to function and they'll use the rates to get the balance right.

Kevin

[Dusty]

I think there is something morally worng when they are dropping their saving rates in line with Bank of England rate cuts but not their mortgage variable rates... speaks tones of hypocracy  

As the government has such a big stake in the banks ,they should be forced to pass on all of the benefits to people.

[ians]

If anyone finds a good rate then please feel free to post it.

My personal favourite at the moment is index linked National savings certificates.  Safe as houses, tax free and guaranteed to keep pace with inflation.

[Mr Skrunts]

I think there is something morally worng when they are dropping their saving rates in line with Bank of England rate cuts but not their mortgage variable rates... speaks tones of hypocracy  

As the government has such a big stake in the banks ,they should be forced to pass on all of the benefits to people.

As mentioned by a caller on The Wright Stuff this morning, she said when she rang the Northen Rock up and asked why they were not passing the % drop on, she was told . . . . We Dont Have To. :-/ :-/

[waspy]

If anyone finds a good rate then please feel free to post it.

Britania are doing an account called a Direct Saver. I did some homework a few weks back & this was the best rate i could find with easy access

[Entwood]

If you can afford to tie your money up for 12 months ....

anglo irish bond ... fully gauranteed by the Irish Government

http://www.angloirishbank.co.uk/Personal_Savings/Fixed_Rate_Bond

[STMO123]

If anyone finds a good rate then please feel free to post it.

My personal favourite at the moment is index linked National savings certificates.  Safe as houses, tax free and guaranteed to keep pace with inflation.

Ermm... are you sure houses are still safe?