Top-paying savings deal hits 7.5% – but experts warn the 'window of opportunity' may close soon

Top-paying savings deal hits 7.5% – but experts warn the 'window of opportunity' may close soon

With interest rate cuts widely expected later this year, the clock may be ticking for savers to secure the best returns. Although inflation has eased and the Bank of England has paused its rate hikes for now, many top savings deals are already starting to vanish. This week’s leading accounts still offer competitive rates — but experts warn they may not stick around for long.Analysts at Moneyfactscompare have compiled a list of the best savings a…

NS&I boosts interest rates on British Savings Bonds amid increased competition in savings market

Big bank to SLASH savings rates on popular account within weeks

A BIG bank with six million customers is slashing the savings rate on a popular linked current account product within weeks. Virgin Money will lower the interest rate on its M Plus Saver account by 0.25 percentage points on June 16. ReutersAny customer with an M Plus current account can open an M Plus Saver[/caption] Currently, customers benefit from an interest rate of 2.5% on savings up to £25,000. For instance, if you have £5,000 in savings, …

SBI reduces Repo Linked Lending Rate to 8.25%

New Delhi, April 14: With the RBI’s policy rate cut, India’s leading bank State Bank of India (SBI) has reduced its lending rate to 8.25% on Monday.Coming down by 25 Basis Points the SBI has eased lending cheaper for both existing and new borrowers.With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 25 basis points to 8.25 per cent.It has also reduced the External Benchmark Based Lending Rate (EBLR) …

SBI reduces lending rate by 25 bps - OrissaPOST

New Delhi: The country’s largest lender State Bank of India (SBI) has reduced its lending rate by 25 basis points following the Reserve Bank’s policy rate cut, making loans cheaper for both existing and new borrowers. With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 25 basis points to 8.25 per cent. It has also reduced the External Benchmark Based Lending Rate (EBLR) by similar basis points to 8.6…

SBI decreases FD rates

State Bank of India (SBI) has cut the interest rates of fixed deposits (FD) with effect from APil 15, 2025. Now, on a 1-year FD in SBI, you will get 6.70% interest. The new interest rates will be applicable from April 15. Earlier, recently, Canara Bank and Kotak Mahindra Bank have also cut interest rates on FD. After the RBI’s repo rate cut, now banks are also cutting FD interest rates. Change in interest rates of ‘Amrit Vrishti’ special deposit…