{"id":22777,"date":"2016-08-13T13:01:18","date_gmt":"2016-08-13T06:01:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-cut-what-now-for-savers-and-borrowers\/"},"modified":"2016-08-13T13:09:04","modified_gmt":"2016-08-13T06:09:04","slug":"interest-rate-cut-what-now-for-savers-and-borrowers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-cut-what-now-for-savers-and-borrowers\/","title":{"rendered":"Interest rate cut: what now for savers and borrowers?"},"content":{"rendered":"


\nWe look at which savings accounts have been hardest hit, who is still offering decent rates, and where to go to get the best mortgage dealHow low can they go? There wasn\u2019t much fat left to trim, but savings rates are now being hacked back even further following the interest rate cut \u2013 and some banks and building societies are penalising savers by cutting their rates by more than the base rate reduction. Worryingly, some institutions have also been quietly withdrawing their regular savings accounts, which offer decent payouts, from sale.Those chopping some of their rates by more than the 0.25% cut announced nine days ago include First Direct and Tesco Bank \u2013 although many of the big players have yet to declare their hands. Several providers have pulled accounts for new customers and relaunched them with much lower rates. Guardian Money is aware of at least one bank that has slashed some of its savings rates for new customers by more than 1%. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Interest rate cut: what now for savers and borrowers?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We look at which savings accounts have been hardest hit, who is still offering decent...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-22777","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5Vn","jetpack-related-posts":[{"id":30353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-suffer-as-banks-withdraw-more-than-100-savings-accounts\/","url_meta":{"origin":22777,"position":0},"title":"Savers suffer as banks withdraw more than 100 savings accounts","date":"October 17, 2016","format":false,"excerpt":"\r The number of available products is at its lowest level since 2007, following the Bank of England\u2019s August base rate cutMore than 100 savings accounts have been withdrawn from the market since the Bank of England cut interest rates in August, and the choice available to savers has hit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9372,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nsi-cuts-interest-rates-for-millions-of-savers\/","url_meta":{"origin":22777,"position":1},"title":"NS&I cuts interest rates for millions of savers","date":"March 29, 2016","format":false,"excerpt":"\r Investment, direct Isa, direct saver and income bond accounts will all be affected by National Savings & Investments\u2019 decision to reduce rates Millions of savers were dealt a blow after National Savings & Investments cut the interest rates on many of its accounts. NS&I has also slashed the number\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-to-suffer-as-first-direct-cuts-rates-further-than-bank-of-england\/","url_meta":{"origin":22777,"position":2},"title":"Savers to suffer as First Direct cuts rates further than Bank of England","date":"August 8, 2016","format":false,"excerpt":"\r 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\u2019s most high profile savings providers has announced interest rate cuts in excess of the Bank of England\u2019s recent base rate reduction.At the weekend, First\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-cut-good-news-for-mortgages-bad-news-for-savers\/","url_meta":{"origin":22777,"position":3},"title":"Interest rate cut: good news for mortgages, bad news for savers","date":"July 30, 2016","format":false,"excerpt":"\r If the Bank of England cuts rates to 0.25%, it will benefit home-buyers, but once again savings will be hitThose with large tracker mortgages can prepare to break out the prosecco. If you rely on savings income, it\u2019s more brown ale for you \u2013 or even water.Next week the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-regulators-could-enforce-minimum-interest-rate-for-savers\/","url_meta":{"origin":22777,"position":4},"title":"UK regulators could enforce minimum interest rate for savers","date":"July 25, 2018","format":false,"excerpt":"\r Billions of pounds in low-interest accounts are a crucial source of profits for banksBanks could be forced to pay savers a minimum interest rate after City regulators found that longstanding customers in instant access accounts are paid derisory rates because of their apathy about switching providers. The Financial Conduct\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leeds-building-society-makes-rate-promise\/","url_meta":{"origin":22777,"position":5},"title":"Leeds building society makes rate promise","date":"September 24, 2017","format":false,"excerpt":"\r Minimum of 0.5% will be guaranteed on savings accounts from the end of OctoberBeleaguered savers have been given a small ray of hope in the current era of low interest rates after Leeds building society said it would guarantee a minimum of 0.5% on savings accounts.The society, the fifth\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22777"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=22777"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22777\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=22777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=22777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=22777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}