Variable savings rates fell in run-up to base rate

Variable savings rates fell in run-up to base rate | moneyfacts.co.uk

Savers may have hoped that the base rate rise would lead to some improvement in the savings market. but not only has there been a lacklustre response from providers. many actually cut their variable rates in the weeks leading up to the announcement.

Savers may have hoped that the base rate rise would lead to some improvement in the savings market. but not only has there been a lacklustre response from providers so far. figures from the latest Moneyfacts UK Savings Trends Treasury Report reveal that many actually cut their variable rates in the weeks leading up to the base rate announcement.

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