NS&I Isa becomes a top payer at 1% as building societies withdraw their best deals



Building societies are withdrawing top-paying accounts at an alarming rate, says data analyst Moneyfacts.
Instead of reducing rates by minuscule amounts, they are removing their best deals from sale. The latest to disappear is the Hinckley & Rugby notice account which paid 1.2 per cent.
Charlotte Nelson, of Moneyfacts, says: 'The continuing fall in rates sees many providers — particularly smaller building societies — creep up the best-buy tables. Savers sensing a good deal flock to these new rates.
'Since these smaller providers are unable to cope with the influx in demand, they have no... read more

 
19 October 2016 in Business, Views: 42
Source: Daily Mail
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