Their pleas have been heard...
From ThisIsMoney.co.uk
Pensioners can earn more than 5.8% before tax from next week on their saving in the High Street and still have easy access to their money.
Nationwide will increase the rate on its Monthly Income 60+ account to 4.57% after 20% savings tax (5.71% before tax) from August 1. Interest is paid out each month, giving an annual equivalent rate of 4.49% (5.86%).
Skipton's rate goes up to 4.68% (5.85%) on July 31, a rise of 0.5% following the 0.25% rise in base rate to 5.75% earlier this month.
Money Mail campaigned for better deals in the High Street for pensioners. Banks and building societies kept their top rates for internet customers, ignoring the need of those pensioners who wanted a branch-based account with a passbook.
Within weeks Nationwide, the largest building society, launched its Monthly Income 60+, joining the ranks of building societies offering special accounts.
