Interest Rates Rise

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Eru Iluvatar
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#1
Report Thread starter 18 years ago
#1
As widely expected, the bank of england has raised interest rates to 4%
But while morgages have moved straight away to meet this increase, savings accounts have, as yet, to change at all.
Surely this should be wrong?
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Howard
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#2
Report 18 years ago
#2
(Original post by Iluvatar)
As widely expected, the bank of england has raised interest rates to 4%
But while morgages have moved straight away to meet this increase, savings accounts have, as yet, to change at all.
Surely this should be wrong?
Perfectly in line with past precident.
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RetiredAccount89
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#3
Report 18 years ago
#3
(Original post by Iluvatar)
As widely expected, the bank of england has raised interest rates to 4%
But while morgages have moved straight away to meet this increase, savings accounts have, as yet, to change at all.
Surely this should be wrong?
they do it every time. I think they shouldn't be allowed. The few weeks in which it takes them to sort it always means they snatch millions across the country.
I wonder what happens if you have one of those joint accounts with morgage and savings attached...
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