We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Capital One drops its saving rates by whopping 2%
miserable_ol_so_n_so
Posts: 496 Forumite
Capital One has dropped rates on savings by a whopping 2%. I've just pulled my savings out. I only found this out accidentally. I think they dropped them on 14 Nov. Check out their web site.
....Illegitimi non carborundum
...don't let the illegitimate ones grind you down....
...don't let the illegitimate ones grind you down....
0
Comments
-
Reported on eMoneyfacts on 11th November - https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=1779590
-
Yup-but where do you put them that wont go down?0
-
Capitol one fixed rate 6.3 was available a couple of weeks ago...just grabbed it in time:thumb:Yup-but where do you put them that wont go down?0 -
Yup-but where do you put them that wont go down?
Thats right people seem :shocked: that such rates have fallen in line with the last two base rate decreases. 0.50%+1.50% = 2%. ( 1.8% total reduction in respect of bonus saver account) :rotfl: My belief is that after 1st December 4.50% will be one of the highest rates available for instant/easy access.
20.00 Cashback is still available via Quanti Cashback site for opening a Capital One Savings account with a minimum investment of 500.00.0 -
Yup-but where do you put them that wont go down?
Not with the institution that drops rates thats for sure......if I and others do not pull money, and shift money about (which is easy enough to d online), the banks will not have any incentive whatsoever to give a better deal to existing savers.I would rather leave my money at NSandI, to keep it out of banks hands.
Right now, my withdrawal is on its way to natwest, where its 6%. If that drops, I will shift it.....Illegitimi non carborundum
...don't let the illegitimate ones grind you down....0 -
How come most mortgages havent come down?...also how come capital one credit card rates havent come down? Seems like all that the bank of england base rate cuts achieve is to penalise the savers.bristolleedsfan wrote: »:rotfl: My belief is that after 1st December 4.50% will be one of the highest rates available for instant/easy access.....Illegitimi non carborundum
...don't let the illegitimate ones grind you down....0 -
miserable_ol_so_n_so wrote: »Right now, my withdrawal is on its way to natwest, where its 6%. If that drops, I will shift it.
It will drop, possibly by a "whopping" 1.5% or 2%. :rotfl:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards