TSB savers can now get 2.5% interest rate on savings as bank increases rates today

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TSB savers can now get 2.5% interest rate on savings as bank increases rates today

From today, the Monthly Saver is increasing from two percent to 2.5 percent, with the monthly limit on payments to go up from £125 to £250.The rate

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From today, the Monthly Saver is increasing from two percent to 2.5 percent, with the monthly limit on payments to go up from £125 to £250.

The rate on Fixed Rate Bonds will also go up from today, from 0.81 percent to two percent for 12 months, one percent to 2.2 percent for two years, and 1.1 percent to 2.5 percent for three-year accounts.

TSB is also upping its Fixed Cash Rate Isa, from 0.81 percent 1.25 percent for 12 months, one percent to 1.5 percent for two years and 1.1 percent 1.9 percent for three-year terms.

The Young Saver will increase from 0.75 percent to one percent, for balances of below £20,000.

Customers with a Business Banking account are also getting a better rate, from 0.3 percent to 0.55 percent, on balances below £5,000.

This last increase came in on June 30.

More to follow…



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