- Introduces highly competitive rates across its Retail Instant Access Savings Account, Instant Access Cash ISA and 1 Year Fixed Term Savings Account
- Rates on Variable Retail Savings and Business Deposit Accounts to increase by up to 0.25% and Retail Fixed Term range by up to 0.55%
Metro Bank, the revolution in British banking, has today announced that it will be increasing rates for both its retail and business savings customers, with fixed term rates rising by up to 0.55% and variable rates by up to 0.25%, from 31 August.
The new rates will be as follows:
|
Retail Variable Accounts |
Current |
New |
Change |
|
Instant Access Savings |
0.40% |
0.55% |
0.15% |
|
Instant Access ISA |
0.75% |
0.90% |
0.15% |
|
Young Savers |
1.40% |
1.65% |
0.25% |
|
Business Variable Accounts |
Current |
New |
Change |
|
Business Instant |
0.20% |
0.30% |
0.10% |
|
Client Premium Deposit Account |
0.20% |
0.30% |
0.10% |
|
Business Notice 35 Days |
0.50% |
0.75% |
0.25% |
|
Business Notice 60 Days |
0.60% |
0.85% |
0.25% |
|
Business Notice 95 Days |
0.80% |
1.05% |
0.25% |
|
Retail Fixed Term Accounts |
Current |
New |
Change |
|
Fixed Term Savings Account - 3 Months |
0.75% |
1.00% |
0.25% |
|
Fixed Term Savings Account - 6 Months |
1.00% |
1.25% |
0.25% |
|
Fixed Term Savings Account - 1 Year |
1.30% |
1.70% |
0.40% |
|
Fixed Term Savings Account - 18 Months |
1.40% |
1.95% |
0.55% |
|
Fixed Term Savings Account - 3 Years |
1.60% |
2.05% |
0.45% |
ENDS
Notes to Editors
Rates compared to major high street banks and building societies, correct as of 22 August 2018
Products compared on a like-for-like basis, with no restrictions on accessibility, deposit requirements or accounts held