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Kaupthing Edge 12 Month Term NOW 7.01%
Mickey_Monk
Posts: 65 Forumite
Kaupthing Edge 12 month Fixed term account is now paying 7.01% gross interest & they have reduced the minimum deposit to £1000 too.
The website front page is still advertising the old 6.86% rate but when I logged in to my account it shows the following.
06 MONTH FIXED TERM 6.85 %
12 MONTH FIXED TERM 7.01 %
36 MONTH FIXED TERM 7.16 %
The website front page is still advertising the old 6.86% rate but when I logged in to my account it shows the following.
06 MONTH FIXED TERM 6.85 %
12 MONTH FIXED TERM 7.01 %
36 MONTH FIXED TERM 7.16 %
0
Comments
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I have put money in thinking i was going to get 6.85 10 days ago, i wonder if i'll get 7.01%?? they need to update their web page if that's the case.0
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If its a fixed term then I dont think you will get the higher rate as you get the rate thats available at the time.0
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If you are stuck on the old rate you could:I have put money in thinking i was going to get 6.85 10 days ago, i wonder if i'll get 7.01%?? they need to update their web page if that's the case.
simply close your existing fixed term account.
You will incur a 1% loss of interest on your existing deposit.
i.e. you will only receive 5.86% for the 10 days or so.
Then deposit your money in a new 12 month term at 7.01%
It would be worth your while. By closing the existing account, for each £1000, you will "lose" just under 3p interest per day for each day your money has been in the account.
But
For each £1000 you will earn £1.50 extra interest per year in the new account.0
(it's still a good rate) This discussion has been closed.
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