Cash ISA Interest Rates

[Freaki Li Cuatre]

I thought maybe these would be going up with a likely interest rate hike in the offing but best instant access ISA I can find on some comparison site is 1.92%. Derisory, I've been on 2.15% for the past year.

Still , only another year and I'll have the deposit for my first BTL...

innerest, Shirley?

[Gittins Gal]

Yes.

Hilarious how banks want to maximise their income from the long-term loans they make, whilst minimising the costs of investments they attract.

You should go for an OND in economics or something next.

Oh you're such a charmer

[Ticktock]

Yes.

Hilarious how banks want to maximise their income from the long-term loans they make, whilst minimising the costs of investments they attract.

You should go for an OND in economics or something next.

[Gittins Gal]

Funny how mortgage interest rates go up when there's the threat of a hike.

[Ticktock]

Why?

Banker 1: "Oh, the cost of borrowing may or may not go up in the next year or so".
Banker 2: "Really? Well then lets give a better return to people who invest money now. Otherwise they might still invest with us and we won't need to give them so much".

[Gittins Gal]

I thought maybe these would be going up with a likely interest rate hike in the offing but best instant access ISA I can find on some comparison site is 1.92%. Derisory, I've been on 2.15% for the past year.

Still , only another year and I'll have the deposit for my first BTL...