7 February 2008
Today’s decision to lower the base rate is potentially bad news for savers, but not for our customers. Despite the drop in interest rates, our high interest online savings account will remain at 6.5% AER.
Ashley Whittaker, Head of Retail Savings at Kaupthing Edge, new entrant to the UK retail savings market with a rate of 6.5% AER and rate guarantee of 0.3% above base rate until 2012 comments:
"Today’s decision to lower the base rate is potentially bad news for savers, but not for our customers. Despite the drop in interest rates, our online account will remain at 6.5% AER. In times of economic uncertainty, savers should be looking for great rate savings options that also offer an excellent guarantee to ensure that their savings are working hard for them. We know that one in five Britons have vowed to save more and they should be looking for the best deal on the market."