Make Sense of Cards - egg double the base rate drop

31. Jul 2010 at 20:54

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egg double the base rate drop (Read 1193 times)

Stooz Administrator Offline Credit card Kid Posts: 87 MSOC tower	egg double the base rate drop 12. Feb 2008 at 13:13 From Egg - Today "As you may already know, the Bank of England recently decreased the Base Rate from 5.50% to 5.25%. Following this, we have changed the rate on our Egg Savings Account (internet) to 5.00% gross pa/AER as of 11 February 2008. " (was 5.5%) So the rate drops a quarter, and egg drop a half - sounds a little odd?
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NewStu

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Re: egg double the base rate drop
Reply #1 - 12. Feb 2008 at 14:00

Yes, odd but not entirely unexpected. Egg must be down to their last few pennies of profit by now eh Wink

Hopefully some of the Best Buy savings accounts will not follow suit. It is a real eye-opener when you track these things.

Happily both my mortgage and my savings providers seem, so far, to be playing fair on downward or upward movements.

NewStu

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