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J W

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Review of the Family Building Society, Savings:

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Slow to raise the savings interest rate

Quick to cut savings rates yet slow to raise them compared to others. Reviewed on: 11th May 2022

Reply from Family Building Society Thank you for your feedback. Decisions about interest rates are always difficult and our aim at the Family Building Society is that we continue to offer competitive rates. Our rates are set on a combination of factors, one of which is Bank of England Bank Rate. You may have seen in our Spring newsletter that the funding the Bank of England directed to all banks and building societies during the pandemic had the inevitable effect of pushing down retail savings rates. It is only recently that retail rates have moved significantly, and we adjusted our savings interest rates from 26 April in response to that. To find out more please visit our website or to discuss your options please contact our Family Service Team by emailing [email protected] or calling 03330 140144. Response date: 17th May 2022

Review of the Wealthify, Stocks and Shares ISA:

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Simple

Easy site to use to invest.......................... Reviewed on: 17th January 2022

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