Smile ISA interest rate cut...again

CopperPlate_2

Smile are reducing the interest rate on their Mini Cash ISA to 4.5% from 4.65% from Monday 6 March. I must've missed the BoE rate cut that prompted this latest one :rolleyes:. Considering they cut it by 0.35% at the last rate cut which was more than the BoE cut itself.

Think it might be time to move the cash elsewhere.

realaledrinker

Got out last time & moved to Yorkshire Building Society @ 4.9%. Not quite top whack but I couldn't face the Halifax's customer "service".

Greycrow

I've stuck with them for years but, now agree, it's time to move.
A&L at 5.2% looks attractive.

lowedb

Am I missing something? Although A&Ls is 5.2% that's with a bonus of .7% which means that next year it goes down to 4.5%.

Greycrow

lowedb wrote:

Am I missing something? Although A&Ls is 5.2% that's with a bonus of .7% which means that next year it goes down to 4.5%.

No you're not. But next year is another year, I'll take advantage of the bonus now while it's available. Anyway, there's nothing to stop moving again when something better comes along.

rrwfotr

Greycrow wrote:

No you're not. But next year is another year, I'll take advantage of the bonus now while it's available. Anyway, there's nothing to stop moving again when something better comes along.

Apart from the transfer charges that some banks charge.......

al_yrpal

KRBS always seem to maintain top rates with no gimmicks. https://www.krbs.co.uk