Bloomberg News

RBS Raises Rate by Quarter Point on Non-SVR Mortgage Products

March 03, 2012

Royal Bank of Scotland Group Plc raised the interest rate on two mortgage products by 0.25 percentage point, the lender said in an emailed statement.

The products, namely Offset and The One Account, are not standard variable rate mortgages, according to the statement, which was issued in response to media reports that the bank was increasing its SVR mortgage rates.

To contact the reporter on this story: Zijing Wu in London at

To contact the editor responsible for this story: Jacqueline Simmons at

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