Bank of England raises UK interest rates

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

3 Likes

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

8 Likes

And still 0% for us! :joy:

7 Likes

Hopefully not for long! :raised_hands:

2 Likes

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 Β£11,200 locked away, the latest rise - if passed on - could mean Β£28 more a year in interest.

3 Likes

Not by the looks of things:

https://community.starlingbank.com/t/is-starling-going-to-put-up-interest-rates-after-the-recent-rate-change/7544

2 Likes