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Cash ISA Interest Rates

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    Cash ISA Interest Rates

    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...

    #2
    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".

    Comment


      #3
      Funny how mortgage interest rates go up when there's the threat of a hike.

      Comment


        #4
        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.

        Comment


          #5
          Originally posted by Ticktock View Post
          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

          Comment


            #6
            Originally posted by Gittins Gal View Post
            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?

            Comment

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