Only 17 out of 150 providers have passed on improved returns to their savers. The Bank of England raised rates by 0.25% to 0.5% last Thursday, the first rise in a decade.
Many banks are still considering whether to pass on the benefits. But even if they choose to increase rates in full, some savers will still find themselves worse off than when rates were last at 0.5%.
NS&I is among the providers that have announced an increase. The returns on all its variable rate products, including premium bonds, will rise by 0.25% from 1 December.
If banks do pass on the rise in full, savers will only get around 0.45%, less than the 0.7% return they were getting 15 months ago.
Santander announced that it will not raise the 1.5% credit savings rate on its popular 123 account.
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