NatWest, RBS cut some interest rates
www.moneynews.co.uk > Mortgages > NatWest, RBS cut some interest rates
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Money News |
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NatWest, RBS cut some interest rates
Fri 9th Jan 2009
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The two banks issued a statement saying that those on tracker mortgages would benefit from the full cut of 0.5 per cent, as would small business clients with variable rate overdrafts and loans.
However RBS and NatWest said that their standard variable rate for individual mortgage customers would not be reduced, at least for the time being.
The banks' statement said: "RBS' Standard Variable Rate is currently under review and an announcement will be made in due course."
Yesterday's cut in the base rate brings it to the lowest level ever in the 300-year history of the Bank of England but may not help to ease up the flow of credit unless banks and lenders pass it on.
Click here for more mortgage news
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Related News : NatWest |
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