Other banks expected to cut savings rates as First Direct announces its cash Isa rate will be cut by 0.4 percentage pointsOne of the UK’s most high profile savings providers has announced interest rate cuts in excess of the Bank of England’s recent base rate reduction.At the weekend, First Direct wrote to savers telling them it would be reducing returns on a range of accounts from 18 October. Two accounts will see cuts greater than the 0.25% reduction announced by the BoE on Thursday. Continue reading…
Source : theguardian.com
Read more…Savers to suffer as First Direct cuts rates further than Bank of England















