The Effect of Funding for Lending

In the years and months leading up to the credit crunch of late 2008 when the world’s financial institutions went into melt down, interest rates being paid on instant access savings accounts were hitting the heady heights of 7%. This was driven by the Bank of England pushing base rates higher in an effort to keep inflation in line with its 2% target.

Our Funding for Lending document details our thoughts on the savings markets and the impact of the introduction of the Funding for Lending scheme.