https://uk.finance.yahoo.com/news/co-op ... 25845.html
“What we have done is we have passed on rate rises to both on-sale and closed book products, so to all our customers, because we think that’s the right thing to do." He stressed that it is better to keep savers loyal than to have to “win them back” if they are finding better rates elsewhere.
For example, the bank has a one-year fixed-term savings account with 3.46% annual return rate, and an instant access saver with a 1.5% return rate – with its savings rates set to rise again from Wednesday.
Don't get me wrong. I've had a Smile (Co-Op) account for over 20 years and they've always been amazing.
Yes, their savings accounts have always been dismal, but we are not forced to use them.
But this sort of statement is just yet another example of anyone being able to spout bullsh*t because there is no right of reply any more on the Yahoo news items or indeed, anywhere.
Yet if we were to do the same, all hell would break loose!
Steve