This means that both discount and variable rates have been reduced for the second time in just four weeks, with a one-year discount on Money Partners' new Premier product now starting at 4.05 per cent.
There will be no further change to fixed rates as the Origin fixed rate products were changed on 15 August in anticipation of the LIBOR reduction and have been fixed until 30 November 2006/7/8 respectively.
Adam Henry, sales director said: "Consistent with our policy of offering highly competitive and good value products, our discounted rates now start from just 4.05% and our 1 year fixed rate from 4.49%. This provides our intermediaries with some of the most attractive rates around to offer to their customers."
The remaining reset date for 2005 is the 1st December 2005.
