At Cheltenham & Gloucester, for example, there were customers on trackers 1.01 percentage points below the base rate, while Halifax had offered a deal of base rate minus 0.52 percentage points.
When quantified, 27% provided a base rate while 73% presented a ratio measure, most commonly as a relative risk.
Instead it is a threshold, marking the point at which the nine-strong monetary-policy committee (MPC) will reappraise the case for raising the base rate.Moreover, while the jobless rate remains above 7% the MPC will not reduce the extra monetary stimulus provided through quantitive easing - and may boost it.
Susan Hannums of Savingschampion.co.uk says: "While the base rate hitting the record 0.5% was bad enough, it was Funding for Lending that had one of the biggest impacts.
While savings rates started to fall as the base rate came down during the economic downturn, thousands of savings rates have been cut since 2009 when there has been no change in the rate.
"While the base rate cut brought savings rates down, FLS killed competition in the savings market, halving best-buy rates to record low levels and instigating almost 3,000 savings rate cuts so far for existing customers".
Prior was available at a base rate of US$200,000 £128,0000), while Bopara would have cost just $100,000 £64,0000), with both free to start the county season with Sussex and Essex respectively.
Next Thursday the Bank of England is widely expected to make its first rate cut since March 2009, taking the base rate from 0.5% to just 0.25%, while NatWest has warned customers that negative interest rates could be on the horizon.
Half of this component is based on the actual graduation rate while the other half is based on the difference between the actual and predicted graduation rate.
While savings rates started to fall as the base rate came down pre-2009, this continued in subsequent years despite there being no further central change.
