It won't but all the easy access will be dropping probably.I know the feeling
But if you open up another one that could effect your credit score?
It won't but all the easy access will be dropping probably.I know the feeling
But if you open up another one that could effect your credit score?
It won't but all the easy access will be dropping probably.
Cash ISA offers 5.2%, is limited to 20K of new funds a year. But you can ISA transfer (this is NOT withdrawing it from one ISA and depositing it in the new ISA) all your previous years ISAs. So you could have over 100K in a cash ISA if you maxed out your allowance for the last few years.Is it really that coverage though? Their site isn't clear or maybe I am reading it wrong. Their Cash ISA offers the 5.2% (that's limited to 20k per year, right?).... but FSCS coverage implies £85,000 coverage. Or is it referring to over a number of years, money in the cash isa can get 5.2% and that is covered up to £85,000?
Indeed, they will tumble much quicker than they ever went up! Took the banks yonks to respond when rates first started going up.Given the interest rates dropped today, all of the variable savers rates will be below 5% by next week.
Yeah probably but I am hoping that T212 will hold out for a bit longer as a loss leader product.Given the interest rates dropped today, all of the variable savers rates will be below 5% by next week.
Indeed, they will tumble much quicker than they ever went up! Took the banks yonks to respond when rates first started going up.
You make 5% you then pass on 5% (lag a few days)Other than the obvious "greedy ******* banks", is there any actual economic reason for this?
I share the same sentiment of course but I'm not a banker nor an economist so, being somewhat charitable, I'd like/hope to think there's a reason behind it.
Or is it just simply that, banks skimming off the top as always?
Try the newer banks they tend to be a lot quicker to raise rates, its the mainstream ones that drag.Other than the obvious "greedy ******* banks", is there any actual economic reason for this?
I share the same sentiment of course but I'm not a banker nor an economist so, being somewhat charitable, I'd like/hope to think there's a reason behind it.
Or is it just simply that, banks skimming off the top as always?
Interesting to see how quickly they put them down though Chip certainly didn't hang around!Try the newer banks they tend to be a lot quicker to raise rates, its the mainstream ones that drag.
Aye, my Chip account is now done to 4.58%.
Think it was 4.88%, but I don't remember seeing anything from them saying the rate was dropped this week.What was it before? I thought that was it this morning lol
Yeah, I don't think many of these banks have existed in a rate falling environment so will be interesting. I expect they'll just act like base rate trackers minus their spread.Interesting to see how quickly they put them down though Chip certainly didn't hang around!
FTFYjust use Zopa