IF replaces interest tiers with single rate

Intelligent Finance has stopped offering tiered rates of savings interest and introduce a single savings rate of 4.01% gross that will apply to all balances of £1 and up. From 3rd March, the rate on £1 remains above the Bank of England base rate but is less than 1% lower than Intelligent Finance paid in December 2000, as rates were later altered to reflect the seven base rate cuts in the intervening period. Every customer who holds more than one product with Intelligent Finance can also choose to maximise the interest on their savings or minimise the interest on their borrowings, gi...