UK Banks Face Pressure as NS&I’s 6.2% Retail Savings Bond Hits Market

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 50%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

The UK’s state-backed savings bank has upped the rates on its key products, adding to the pressure on commercial lenders to improve their offerings.

The National Savings and Investments, or NS&I, is releasing new one-year fixed rate bonds that pay 6.2%. That follows the launch of a three-year green savings bond last week, at a rate of 5.7%.

Since the end of 2021, the Bank of England has raised rates from near zero to 5.25%, and investors are pricing in at least two further quarter-point hikes.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 83. in CO

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Canadian banks face squeeze between climate expectations, market pressuresTORONTO — In May, Canadian banks offered support to those affected by an early wave of wildfires in Alberta. In June, they extended the offer to those hit in Nova Scotia, and some expanded it further as fires also raged in Quebec and Ontario. This past week, banks said they would again offer support, through donations and potential payment deferrals, this time to help Canadians reeling from fires in the Northwest Territories and British Columbia. But while banks recognize that Canadians are livi
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Canadian banks face squeeze between climate expectations and market pressuresCanada\u0027s banks have been moving away from oil and gas but not with the urgency activists want. Read more
Fuente: financialpost - 🏆 7. / 85 Leer más »

Canadian banks face squeeze between climate expectations and market pressuresCanada\u0027s banks have been moving away from oil and gas but not with the urgency activists want. Read more
Fuente: fpinvesting - 🏆 43. / 63 Leer más »