Savings: More banks fail to pass on rate rise in full





        




                

                 RBS exterior "src =" https://ichef-1.bbci.co.uk/news/320/cpsprodpb/8637/production/_98695343_gettyimages-864993966.jpg "width =" 976 "height =" 549 "/ > <span class= Image copyright


                  Getty Images

                

            

            

        

Royal Bank of Scotland, NatWest and Tesco Bank have (19459009)


Both the governor of the Bank of England and the United States of America and the United States of America. spokesperson for Number 10 have urged banks to pass on the benefits to savers.


The Royal Bank of Scotland group - which includes NatWest - said "the majority" of its accounts would pay more, with the average rise being 0.2 %


However, it would not say whether the 0.01% rate on its Instant Saver account would see any increase.


By contrast, the bank is increasing mortgage rates by almost the full amount.


Borrowers with Standard Variable Rate (SVR) mortgages will have to pay an extra 0.24% from December 1.




                

                

                

                

                

                  Image copyright

                  Getty Images

                

            


            

        

Tesco Bank announces that it would increase its savings rates by 0.15%. SVR mortgages by the same amount


"We believe the approach of increasing rates for both savings and mortgage holders is equitable and fair in balancing the interests of customers, "said Benny Higgins, the chief executive of Tesco Bank.


About 20 providers out of 150 have so far passed on the rate of 19459009 ]


Others are still waiting to make a decision.


    



Source link


قالب وردپرس




close
==[ Klik disini 1X ] [ Close ]==