Egg announces....

Milarky

A termporary hiatus in new savings....



http://new.egg.com/visitor/0,,3_20549--View_820,00.html

Lokolo

Haven't noticed changes to their variable rate at the moment. They usually do it quite quickly (then delay if it goes up!)

jamieslucky7

Just tried opening an account and got that also. I'm sure it'll be 6.0% tomorrow morning.

Masomnia

I hope my ISA interest rate doesn't drop too much

Lynt_3

I've moved much of my savings into Egg, but feeling twitchy after reading this
http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=455474&in_page_id=7

Thoughts?

Milarky

Let's see how much the '6.55' account has dropped Monday morning. My guess is they will keep it at 5.5%, make the bonus go up to 2% and drop their basic savings account to 3.5%

[We will sooner see]

sabretoothtigger

Egg is citibank and they need your money still, I dont think they'll drop it too much

LongTermLurker

Lynt wrote: »

I've moved much of my savings into Egg, but feeling twitchy after reading this
http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=455474&in_page_id=7

Thoughts?

Not another report of a bank in trouble? God help us

sabretoothtigger

They used to be owned by prudential and retain a uk bank license afaik, safe enough

pmorrison_2

They are fully covered by the FSCS and as such I would assume the government wouldnt let them fail

YorkshireBoy

Milarky wrote: »

My guess is they will...drop their basic savings account to 3.5%

[We will sooner see]

I think it'll go below BOE base rate, but they'll launch another product (or two) for 'new money'...which will have more catches than a Grimsby trawler!