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Aldermore (Ruffler) Bank Reducing ISA rate from 3.15% to 2.80 %

darren72
Posts: 1,301 Forumite


I currently hold an Aldermore Cash ISA (was Ruffler Bank) at a rate of 3.15% Gross AER.
I've just been informed that they are reducing the rate to 2.80%.
Where is everyone else moving to ? - Or is this still a reasonable rate ?
Thanks in advance,
I've just been informed that they are reducing the rate to 2.80%.
Where is everyone else moving to ? - Or is this still a reasonable rate ?
Thanks in advance,
0
Comments
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If that's 'easy access' then it's still a very good rate. Or is it a maturing 'fixed'? In which case you can get circa 3% for 1 year with eg Julian Hodge.
But I wouldn't fix above a year as rates will improve in the interim. If the 2.8% is easy access I'd be tempted by that and look afresh after April. But the only easy access (30 day notice) they advertise is at 2.65% .... but that's still about the best available. The 2.8% might be a maturity only offer?
http://www.aldermore.co.uk/savings/cash-isa.aspxIf you want to test the depth of the water .........don't use both feet !0 -
It's the 30 day notice account.
However the 2.8% down from 3.15% was for those who were originally Ruffler Bank customers and got a more preferentail rate than new customers.
I haven't decided what to do as yet.0 -
Sorry, yes it is a 30 day account.
I can't decide what to do either0 -
How were you informed of the rate reduction? Nothing about it on their site - http://www.aldermore.co.uk/savings/historic-rates.aspx0
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i havent heard of this either and have 2x years worth in cash with aldermore/ruffler:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
mr_fishbulb wrote: »How were you informed of the rate reduction? Nothing about it on their site - http://www.aldermore.co.uk/savings/historic-rates.aspx
Received a letter about it yesterday.0 -
Rate reduces 12/2/2010 so no need to make a decision before then. They're also offering a 3.15% 1 year fix to those ISA issue holders.
Depending on what happens to rates in next month, I might split my funds.0 -
Same boat here - didn't see this thread before typing a new one http://forums.moneysavingexpert.com/showthread.html?t=2193443 :eek:
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Oh great- weve had no post today
mind you 3.15fix isnt bad really...??:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
3.15% is not great for 12 months if there is an improvement offered close to start of new financial year in April.
Halifax are offering 4.25% for 4 years fixed but only 2.5% for 1 year.
I really do not want to fix. Its becoming a headache trying to shuffle from place to place.
Come on Branson - start offering some good deals with your new bank!!!!!!!!!!!!!0
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