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Bank of Scotland to cut rate on top-paying current account
Former_MSE_Faye
Posts: 147 Forumite
Tiered interest rates will be replaced with a flat 2% paid on balances between £1 and £5,000 from 11 June...
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'Bank of Scotland to cut rate on top-paying current account'
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'Bank of Scotland to cut rate on top-paying current account'
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Comments
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Disappointing news.0
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Bloody typical!! Just after I've been pratting around for ever and a day setting up multiple accounts, including joint, trying to get money moving here there and everywhere, and DDs set up.
Where to next, then?0 -
I just opened this on Monday. typical.
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"a trick we've featured in the weekly email"
A trick.?.
Quietly enjoyed by so many for years.
Until someone put it on the megaphone.0 -
Oh well. That will be in the new ISA season anyway so time to stick some cash in a robo fund or similar.0
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Not surprised the interest has been cut but happy enough that the 2% is being applied up to £5,000, unlike others which have restricted the new interest to smaller amounts.
Swings and roundabouts. Maybe it's time for me to spend some money!0 -
If rates get any lower I might have to start over paying the mortgage :eek:
Only kidding :cool:0 -
Doesn't bode well for the odds of the Tesco account coming back!0
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You can get 2% at Atom Bank for a one year term without the hassle of minimum monthly pay-ins or direct debits. Can't see an upper limit either though you wouldn't want to risk more than the protected £85,000. You only have a 7 day period in which to pay in funds but as you can open as many of these accounts as you like that doesn't really matter.
Three Santander accounts with £60,000 at 1.5% and a £5 fee or three of these accounts paying 2%? Seems a no brainer.0
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