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The Best Savings Rates This Week 12 3 21 | moneyfacts co uk

  The top rate in our fixed rate bond savings chart this week came from Gatehouse Bank, with the five-year version of its Fixed Term Green Saver paying an expected profit rate of 1.40% gross on anniversary. Gatehouse Bank also topped the three year fixed rate bond chart this week with the three-year version of this account paying an expected profit rate of 1.10% gross on anniversary. Both accounts require a £1,000 minimum deposit to open. These accounts have the benefit of Gatehouse Bank planting a tree in a UK woodland project certified by the UK Government’s Woodland Carbon Code when an account is opened and funded. They must be opened and managed online.

What has happened to mortgage and saving rates since the base rate cut?

A year on from the first base rate cut: Why have fixed mortgage rates inched higher and saving deals fallen drastically? The Bank of England cut the base rate twice in 8 days last March in a drastic step  Since then, savings rates have tumbled but mortgage rates have not  Deals popular with first-time buyers have actually gone up in some cases Big banks profits have plummeted as they had to set aside billions to cover bad loans and they have seen their margins squeezed by the base rate cut   

Top 10 FinTech deals of February 2021 (UK & Europe version)

Top 10 FinTech deals of February 2021 (UK & Europe version)
ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.

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