There seems to be a deadly silence, almost everywhere, concening increased savings rates - following the recent increase in base rate. Is anybody following these rates ( proposed increases, actual increases, no increases etc)?
All I know is that Cahoot have passed the rate on in full - from 8 July! Quite keento reduce rates when base rates go down, if I recall, but let us count our mercies
It's disgraceful, in my opinion. Egg have increased their rates fully in line with the base rate change, but only because they have the Base Rate Guarantee. And they also waited the maximum of two weeks that they allow themselves before they upped it.
I'm still waiting for ING Direct to react. It's three weeks this Thursday since the rise, and for all we know the BoE may rise rates again in July. Then it could be conveniently forgotten about.
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