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Intelligent Finance rates reduced as of today

rebeccaj
rebeccaj Posts: 1,390 Forumite
Part of the Furniture Combo Breaker I've been Money Tipped!
in Savings & investments
Currently in Martin's best buy table, but not for much longer I suspect. As of today the rate on the Intelligent Finance iSaver has been reduced from 2.85% to 2.49% :(

Cash ISA rate also reduced by .25%

https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=189631
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Comments

  • roddydogs
    roddydogs Posts: 7,479 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Bl***y Cheek!
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Cutting the ISA rate?

    That's quite novel just before the over-50s limit increases.

    Most providers would usually lure the money in with a high rate and then cut it in November!
  • moonshine
    moonshine Posts: 815 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    edited 3 October 2009 at 9:19AM
    oh !!!!!!! That's not acceptable IMO. :mad:

    That's my money out of there on Monday then as there's better around and as a customer I really don't like being treated with contempt.

    Think it's called 'doing an ING' isn't it.
  • hebron
    hebron Posts: 197 Forumite
    How can they have the nerve to do it when there hasn't been a cute in interest rates.
  • Baldur
    Baldur Posts: 6,565 Forumite
    hebron wrote: »
    How can they have the nerve to do it when there hasn't been a cute in interest rates.
    There's nothing 'cute' about current interest rates.... ;)
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Thats why you get a fixed rate people ;)
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Don't get mad, get even!

    Just move your money out of IF to a better paying account. This is the raison d'etre for MSE!
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • moonshine
    moonshine Posts: 815 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Lokolo wrote: »
    Thats why you get a fixed rate people ;)

    but a fixed rate doesn't give you access to your money and some people need that so fixed rate accounts aren't the answer for everyone.
  • moonshine
    moonshine Posts: 815 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Jonbvn wrote: »
    Just move your money out of IF to a better paying account.

    oh yes, as I said I fully intend to!
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    moonshine wrote: »
    but a fixed rate doesn't give you access to your money and some people need that so fixed rate accounts aren't the answer for everyone.

    First Direct 3% instant access fixed rate. ;)
This discussion has been closed.
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