Abbey Flex Plus Tracker - Anyone Had A Letter Yet?

m1ntie

Hi, has anyone had a letter from Abbey, yet regarding the last 2 drops in interest rate?

I have not even received one about the .5% reduction in October. This is strange because they are usually very prompt at advising about changes.

badboybill

I called Abbey last week and got verbal confirmation with figures. Enjoy 2009!!!

I will be paying approx 45% less then in Jan 2008.

Jan 2008 £889
May 2008 £813
July 2008 £777
Dec 2008 £688
Jan 2009 £494

January sales here I come!!!!

m1ntie

Thanks for the reply badboybill. I am hoping to increase my overpayments whilst the interest rates are so low.

Still had no letter from them - maybe they cant afford the postage!

badboybill

Check the T&Cs regarding overpayments. If there is no benefit then you might as well stick-it in the savings part of the product and get the same interest.

goosander

I think I've had a letter announcing the 0.5% cut but am not 100% sure but if I look at my account online it shows the current interest rate as being 4.99% (BOE + 0.49%) which reflects the cut.

The more recent 1.5% cut should be reflected online from 3rd December.

bonnerbob

yes, i too have not received a letter as of yet for the last drop?!

was thinking of phoning them tonight, but now i see someone else has had the nod i think i'll kick back instead and bathe in the glory of going on a tracker just a couple of months ago, after been fixed for 5 years!

...result!

Kez100

I had -0.5 letter about two weeks ago. I've not had the -1.5 drop letter but I access my account online and my rate dropped on 3rd December by 1.5%.

Wappers

On my online account (Flexible plus) it lists the dates when the interest rate has changed (in the past, for the date range viewed) at the bottom of the payment summary, e.g.
03 November interest rate changed to 4.99%
03 December interest rate changed to 3.49%

I expect on the 3rd of Jan it will have
interest rate changed to 2.49% :T

Kez100

2.69 for us!

m1ntie

Wappers wrote: »

I expect on the 3rd of Jan it will have
interest rate changed to 2.49% :T

And maybe by spring 2009 1.49% !!!!

Kez100

Living here will be cheaper than camping!