Why are interest rates on savings accounts falling so quickly?

Why are interest rates on savings accounts falling so quickyThe Bank of England announced on 8 November that base rate would remain unchanged at 0.50%, a level that has prevailed since March 2009. What can appear at odds with this decision is that savings interest rates and particularly those on offer to new savers have recently been dropping like the proverbial stone. Why is this so? We asked, Gev Lynott, Chief Executive of The Mansfield Building Society to provide some insight about current interest ...

SIPP deposit accounts: New entries, climbers and fallers – September 2012

Unfortunately the downward trend in SIPP deposit account interest rates has continued into September. The introduction of the Funding for Lending Scheme, falling swap rates and the desire of lenders to offer cheaper mortgage deals have all conspired to push interest rates down; our latest blog looks at this in more detail, read it by clicking here. There are however two notable new entries this month, read on to find out who. New entries Need advice on your SIPP?...

SIPPs: Another building society added to our best buy table for SIPP deposit accounts

SIPPs: Another building society added to our best buy table for SIPP deposit accountsWe have been working with a number of banks and building societies over the past few months, to encourage them to offer SIPP (Self Invested Personal Pension) deposit accounts. As a result of these efforts, we are delighted to announce, that the Mansfield Building Society has now launched an account specifically for SIPPs. A mutual heritage Based in Nottinghamshire the Mansfield Building Society was founded in 1869 ...