What’s next for interest rates? Key questions for savers in 2025

In December 2024, Andrew Bailey, the Bank’s Governor, suggested there could be four cuts of 0.25% each to the base rate in 2025. 1 That would take the rate from its current 4.75% level …

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What’s Next For Interest Rates? Key Questions For Savers In 2025

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In December 2024, Andrew Bailey, the Bank’s Governor, suggested there could be four cuts of 0.25% each to the base rate in 2025. 1 That would take the rate from its current 4.75% level …

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Coventry Building Society Launches High-interest Savings Account …

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2 days ago · Coventry Building Society has launched a new savings account offering a 4.85% interest rate, the highest for limited access accounts. The 4 Access Saver allows deposits up …

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Interest Rates Cut To 4.5%: What It Means For Mortgages And Savings

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1 day ago · The Bank of England cut interest rates again today from 4.75 per cent to 4.5 per cent. The decision came as little surprise to financial markets, with the 0.25 basis point cut widely …

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What Does A High Rate Environment Mean For Savers?

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Coventry Building Society’s Regular Saver helps you build your savings pot by allowing you to set aside anywhere between £1 and £500 a month for 12 months at a variable interest rate, …

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FAQs about What’s next for interest rates? Key questions for savers in 2025 Coupon?

What is Coventry Building Society's '4 access Saver' interest rate?

Coventry Building Society is offering a 4.85% interest rate - the highest available across limited access savings accounts. Described as "unbeatable", the new 4 Access Saver account accepts deposits ranging from just £1 up to a maximum of £250,000. Customers can open and manage their account via branch, post, telephone, online or through its app. ...

What is Coventry Building Society's 'unbeatable' savings account?

Coventry Building Society is paving the way in the industry with an "unbeatable" savings account offering 4.85% interest. This is the highest rate available across limited access savings accounts. The new 4 Access Saver account accepts a maximum deposit of £250,000 and a minimum starting sum of just £1. ...

Can Coventry Building Society add interest?

Interest can be added to the account or paid away to another suitable account. Can Coventry Building Society change the interest rate? The interest rate is variable, so it can go up or down at any time. ...

When is Coventry Building Society interest rate fixed?

The interest rate is fixed until 31 December 2026. We calculate the interest daily and pay it annually (either into this account or to another suitable account) at the end of 31 December or monthly (to another suitable account only), at the end of the last day of each month. Can Coventry Building Society change the interest rate? ...

What should customers expect from Coventry Building Society changes?

Matthew Carter, the head of Savings at Coventry Building Society, broke down what customers should expect from these changes. The savings expert explained: “We will be increasing rates on all our variable savings accounts. ...

What percentage of Coventry Building Society members will get a rate increase?

Some 100 percent of Coventry Building Society’s members will be awarded the rate increase on August 14. All balances are set to receive at least a 0.15 percent hike, with 50 percent of balances to be given a 0.25 percent rise. READ MORE: Savings breakdown of first direct accounts raising interest rates [LATEST] ...