Has your savings interest rate increased following the Bank of England's interest rate rise to 5% earlier in the week ? Many of the top paying savings accounts have increased, which includes those that carry a base rate tracking guarantee.

Savings accounts to increase interest rates -

ICICI Bank UK - has raised the rate on its online Hi Save account rises from 5.15% to 5.45%.
Chelsea BS Double Guarantee Account rises from 5.25% to 5.50%
Derbyshire BS Easy Save Tracker rises from 4.95% to 5.10%
Cahoot, has raised its online savings account to 5% from 4.8%.
IceSave rate will rise to 5.45% from 5.2% as of 15th November 2006.

Bradford & Bingley ESavings Account rises from 5.10% to 5.25%
Kent Reliance Direct Tracker Rollover Bond rises from 5.25% to 5.50%
Egg Internet Savings Account rises from 4.75% to 5%
Cheshire BS 50 Plus Freedom rises from 4.85% to 5.10%
Capital One Base Beater rises from 4.80% to 5.01%

Cash ISA's

National Savings and Investments' Direct Isa rate has been raised to 5.55% from 5.30%, (this tracks the base rate +0.55% until April 2008) and thus is one of the best Cash ISA's available
M&S Money has raised its Cash ISA from 4.75% to 5%
Newcastle BS 55 ISA rises from 4.75% 5.00%
IF Mini Cash ISA rises from 4.85% to 5.00%
Natwest Mini Cash ISA rises from 4.75% 5.00%

By Shahla Walayat

http://www.moneyforums.co.uk

The UK Money Saving & Investing Forums is a free online publication providing, FREE Online Tools including Credit Score Calculator , Money Saving Guides such as Credit Card Stoozing , Personal Finance Discussion Forums open to ALL, supported by experienced moderators, to discuss any personal finance topics from 0% Credit card deals , to the state of the Housing market etc. This article maybe reproduced if reprinted in its entirety with links to http://www.moneyforums.co.uk

Comments

14 Nov 06, 13:05

Re: Savings rates rise following the UK interest rate rise
Thanks for the list !

Makes a refreshing change to see the savings rise straight after the interest rates, usually the banks just mortgage rates

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