Concerns over competitiveness of state funded banks

Last week saw the one year anniversary of the Bank of England dropping its base rate to the historic low level of 0.5%. However, despite this, some banks have become less competitive during the last year. In a table of the rates from the main UK banks over the last year, Moneyfacts showed that Cheltenham & Gloucester and Nationwide's rates on the average two-year fixed-rate deal at 75% LTV had increased from March 2009 to March 2010. The financial information provider says although state-funded Royal Bank of Scotland performed well, other state funded banks such as Halifax and Norther...