TagUK banks

How can UK banks pass on higher interest rates to savers so slowly?

H

MPs, campaigners and activists are increasingly concerned that savings rates are failing to keep pace with the rapid rise in borrowing costs, putting the behavior of the UK’s biggest banks in the spotlight. There are a few reasons why UK banks are taking so long to pass higher interest rates on to savers: Competition: Banks compete with each other for customers and only want to offer...

Categories

Get in touch

Content and images available on this website is supplied by contributors. As such we do not hold or accept liability for the content, views or references used. For any complaints please contact adelinedarrow@gmail.com. Use of this website signifies your agreement to our terms of use. We do our best to ensure that all information on the Website is accurate. If you find any inaccurate information on the Website please us know by sending an email to adelinedarrow@gmail.com and we will correct it, where we agree, as soon as practicable. We do not accept liability for any user-generated or user submitted content – if there are any copyright violations please notify us at adelinedarrow@gmail.com – any media used will be removed providing proof of content ownership can be provided. For any DMCA requests under the digital millennium copyright act
Please contact: adelinedarrow@gmail.com with the subject DMCA Request.