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Intelligent Finance - Direct Access Savings rate cut
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YorkshireBoy
Posts: 31,541 Forumite
Intelligent Finance have reduced the interest rate on their Direct Access Savings account from 4.50% AER/gross to 4.40% AER/gross wef 31st March 2006.
They say they have done this due to "recent competitor interest rate moves", and go on to reassure account holders that "you can be confident that you're still receiving a great rate on your savings"!
They say they have done this due to "recent competitor interest rate moves", and go on to reassure account holders that "you can be confident that you're still receiving a great rate on your savings"!
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Not surprised as Intelligent Finance is owned by Halifax.
Not sure why it's called Intelligent Finance? Why should Halifax have an internet bank which pays less on its savings account than Halifax itself? Rather defeats the point of it all.
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equitydealer wrote:Not surprised as Intelligent Finance is owned by Halifax.
Not sure why it's called Intelligent Finance? Why should Halifax have an internet bank which pays less on its savings account than Halifax itself? Rather defeats the point of it all.
It never used to be that way though.0
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