While train strikes are taking place across the UK this month, those hoping to travel further afield should be aware of various walkouts planned by airport staff and pilots in France, Spain and Italy. This follows the launch this week of First Direct's one-year, fixed-rate saver account, at a rate of 4.6%.Īs well as increasing rates on some accounts, First Direct is still offering 7% on its regular saver account.Ĭoncerns have been raised about some longstanding savers languishing on low rates as the Bank of England base rate rises and people have been urged to ditch and switch if they are getting a poor deal. It comes after First Direct announced savings rate increases that will also take place from 8 June.Īmong the increases, a cash ISA rate will rise from 2.3% to 2.5%. Two-year, fixed-rate saver will go up by 0.35% to 4.45%.One-year, fixed-rate saver will rise by 0.4% to 4.4%.Increases of up to 0.5% will be made on its ISA range.The rate on balances over £10,000 will increase by 0.3% to 2.3%.Online bonus saver instant access account, for balances up to £10,000, will rise by 0.5% to 4%.Here are the other interest rate changes being made: The increases will affect the bank's mysavings and premier savings youth accounts, taking rates to 5% from Thursday 8 June.
Some changes to savings rates are coming next week, with HSBC announcing it will boost interest on select accounts by up to 0.75%.
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