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Base rate cut by 1.5%


#3
Depends if our banks past that on, as far as i am aware my building society never gave a cut in their rate from the last 0.5% last month.

If they dont, thats 2% drop in the bank of Englands, but nothing in Coventry BS.....

Neil
 

Stationery Direct

Administrator
Staff member
#4
Bet they make sure it is applied to the savings rates on offer!, luckily I invested some money today for the next 12 months at a really good rate.

Only 2 weeks ago my sister applied for a mortgage fixed at 5.79%, she's wishing she held on now :icon_Wall:

It's definitely a tricky time at the moment.