Bank of England raises UK interest rates


(Jack) #1

An extra 0.25% for Monzo on our balances :smile: :moneybag:


(Customer of Lloyds Banking Group, plc) #2

I wonder is Starling will mirror this and now pay 0.75% interest :thinking:


#3

And still 0% for us! :joy:


(Leonard) #4

Hopefully not for long! :raised_hands:


#5

It makes barely any difference to savers - It’ll impact mortgages etc far more.

Thought this quote from BBC summed it up…

For the average cash Isa saver with £11,200 locked away, the latest rise - if passed on - could mean £28 more a year in interest.


(Jack) #6

Not by the looks of things: