TSB still nudging
Thursday, October 22nd 2009, 7:09AM
TSB Bank is still nudging away at its fixed term rates with more increases this morning. Joining the majority, TSB has now increased its six-month term by 15 basis points to 5.50%, now not the lowest rate offered but still very competitive and well below the median for this term. TSB Bank also increased its three and five-year rate by 15 basis points and its two-year rate went up by 25 points to 6.90%, the lowest on offer for a minor bank.
Public Trust has made some rather large changes to its fixed term rates today. Its one-year rate went up by 10 bps, its two-year rose 40 points, three and five-year went up 30 points and its four-year rate increased by 20 points. All Public Trust rates are below the median rates.
Credit Union Baywide has increased all its fixed term rates (excluding 18-months) considerably today. The biggest change was made to its two-year up 45 basis points to 7.30% from 6.85% followed by its one-year rate up 35 bps to 6.15%, six-month term up 30 bps to 5.90%, now well above the median rate and its three-year rate rose by 25 bps to 8.10%.
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