Abbey has announced that it has increased the interest paid on the cahoot savings accounts.
The move came in the wake of the Bank of England's decision to raise the base rate by 0.25 per cent to five per cent.
Abbey has offered improved interest by 0.2 per cent on the savings accounts, lifting the rate paid from 4.8 to five per cent.
The alteration took effect on November 9th 2006.
However, the bank has also hiked the interest rate paid on its tracker mortgages by 0.25 per cent.
This came into effect on November 13th 2006, although the change will not take place until the beginning of December.
Several savings providers have recently announced that they will raise the rate paid in line with the Bank of England's decision.
Post Office will pass the full 0.25 per cent on to savers, lifting the interest on its Instant Saver account to 0.25 per cent.
Marks & Spencer Money also opted to follow suit, with a new rate of 0.25 per cent available on its cash individual savings accounts.
Abbey boosts cahoots savings rates
Abbey boosts cahoots savings rates
Mon, 13 Nov 2006
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