Has YOUR bank raised returns?

SAVERS hoping the base rate rise would lead to a flood of new best buys have been sorely disappointed.

Almost two weeks after the Bank of England increased the base rate from 0.5 pc to 0.75 pc, not a single new best buy easy-access deal has been launched.

The top easy-access account remains at 1.31 pc from Paragon Bank or 1.4 pc from Coventry BS for those willing to limit the number of withdrawals to earn a better rate.

As Money Mail reveals today on Page 43, big banks don’t have to tell savers how much extra they can expect.

And even with those that have, the rises are so miserly, they have done nothing to improve the picture for savers shopping around for the best deals.

Most big banks have passed on less than the 0.25 percentage point rate to those in their popular accounts.

Many savers won’t see any rise; others will earn just 0.03 points extra — that’s 30p on each £1,000 in your account. Those in Co-op Bank’s Britannia Flexible Saver and Britannia Cash Isa will see an extra 0.03 points to earn a lousy 0.13 pc.

TSB’s easy-access eSavings, Easy Saver, and Cash Isa will get an extra 0.1 with a rate of 0.3 pc.

Santander is passing on the full 0.25 to its e-Saver 15, but the rate is still only 0.5 pc.

Its Everyday Saver, Isa Saver, Inheritance Isa and Easy Isa will earn only an extra 0.1, bringing their rate to between 0.2 pc and 0.6 pc, depending on the balance.

Those in its 123 current account won’t see any rise at all from 1.5 pc on up to £20,000.

The Lloyds Cash Isa Saver, open to new customers, goes up by the full 0.25 points to 0.6 pc, while its Instant Cash Isa — where you end up after 12 months — is rising by only 0.15 points to 0.35 pc.

Similarly, for new customers, Halifax Isa Saver Variable goes up to 0.6 pc, but it has yet to say how much those moved to its Instant Isa Saver (currently at 0.2 pc) will earn.

NatWest will pass on just 0.1 point on its Instant Saver and Cash Isa, paying as little as 0.2 pc.

Some Nationwide savers will see no rise if they have less than £10,000 in their account and earn just 0.1 pc. Coventry BS will pass on the full 0.25 to some savers and has withdrawn one of its top-paying accounts. Others will see 0.15 points extra, 0.1, or nothing at all.

Skipton’s Super Tracker and Super Tracker Cash Isa go up to 1.27 pc from tomorrow. It guarantees to pay 0.52 points above base rate until June 30, 2020, but you are limited to making two withdrawals a year. The society will raise rates on all its accounts currently on sale by 0.25 points.

Beverley BS and Monmouthshire BS are playing fair and will pass on the full 0.25-point rise to all their savers.