23 April 2008
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 likely to cause a flurry of rate adjustments within the savings market. Savers should grab this opportunity and review their savings to ensure that they are still getting a competitive deal on their money. Despite the second drop in interest rates in three months, Kaupthing Edge is committed to rewarding customers with a great saving rate and our online account will remain highly competitive at 6.5% AER.
We believe that our table topping rate, together with our rate guarantee offering savers at least 0.3% above the base rate until 2012, is a great way for savers to make their money work hard for them."