The three market-leading regular savings accounts are cutting their interest rates from 6% to 5% for new account-holders - but if you've a current account with HSBC or First Direct, open a regular saver TODAY and you can still lock in 6% for a year.
Interest rates on two different Santander products have been cut this week as customers continue to wonder whether the bank is preparing to reduce the headline rate on its flagship 123 current account from 3% to 2%.
Using introductory rates to tempt savers into opening accounts is to be reviewed by the financial regulator as part of a wider study into the £1 trillion cash savings market, it's been announced today.