44 savings account providers have announced savings rate cuts since the base rate cut.
24 savings account providers have reduced savings rates by the full 0.25%.
These changes to savings account rates are more or less as expected. A few more smaller institutions have reduced their savings rates earlier, perhaps because they are coming to year end and wanting to have their books in order before the Christmas break.
Also worth a mention are two of the smaller building societies, Cumberland BS and Chesham BS, which have bucked the trend by formally announcing that they will not be reducing savings rates this time.
Savings Best Buys - Fixed rate savings accounts
Savings Best Buys - Internet savings accounts
Savings Best Buys - No notice savings accounts
Mortgage Best Buys - Variable rate mortgages
Mortgage Best Buys - Discounted variable rate mortgages
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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