New photo Savings accounts offering good rates at five-year low – two months after interest rate RISE

The proportion of savings accounts paying above the Bank of England base rate has sunk to a five-year low.

Just over two-thirds of savings accounts pay a rate above 0.75 percent, Moneyfacts.co.uk found.

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Only two thirds of savings accounts pay over the Bank of England base rate[/caption]

It said the proportion of savings accounts paying above the base rate is at its lowest level since January 2013.

The base rate was increased from 0.5 per cent to 0.75 per cent in August – but consumer group Which? has previously accused providers of “double standards” when passing on the rate rise to savers and borrowers.

Which? found earlier this month that around two-thirds of instant access variable savings accounts have not seen any benefit from last month’s rate hike.

Meanwhile, almost half of providers raised their standard mortgage rates by the full 0.25%, Which? found previously.

Alamy

The Bank raised interest rates by a quarter of a per cent to 0.75 per cent in August[/caption]

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Trade association UK Finance said banks have made it easier for people to find the best deal and that people will be affected differently by the rise depending on what type of product they have.

Charlotte Nelson, a finance expert at Moneyfacts, said: “With the percentage of savings accounts that pay above base rate currently at a five-year low, now is not the time for savers to rest on their laurels.

“In order to achieve a decent return, they must work hard and actively shop around to maximise their interest.”

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News Pictures Savings accounts offering good rates at five-year low – two months after interest rate RISE

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TEENS
Hayden Panettiere
Size: 8
Age: 18
Height: 5ft 1in
Weight: 8st

To achieve her kick-ass figure, Hayden – who plays cheerleader Claire Bennet in Heroes – follows the ‘quartering’ rule. She eats only a quarter of the food on her plate, then waits 20 minutes before deciding whether she needs to eat again.

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Nicollette says: “I don’t like diets – I see it, I eat it! I believe in eating healthily with lots of protein, vegetables and carbs to give you energy.”

kim cattrall

Size: 10-12
Age: 52
Height: 5ft 8in
Weight: 9st 4lb

SATC star Kim swears by gym sessions with Russian kettle bells (traditional cast-iron weights) and the South Beach Diet to give her the body she wants. To avoid overeating, Kim has a radical diet trick – squirting lemon juice on her leftovers – so she won’t carry on picking.

Kim says: “I am no super-thin Hollywood actress. I am built for men who like women to look like women.”
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